Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of a new two-family residential dwelling to be sold at market rate Entity Name: Solace Realty Concepts, LLC Entity Address: 112 Lehigh Avenue 2nd Floor Newark, New Jersey 07112 Sale Amount: $50,000.00 Cost Basis: (X) $20.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $11,300.00 Appraised Amount: N/A Contract Period: To commence within three (3) months and be completed within eighteen (18) months following transfer of property ownership from the City to the Redeveloper Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 787 South 15th Street / Block 2646 / Lot 14 / South Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,500 X $20.00= $50,000.00 Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned property. Deferred 7R2-a 061726

What this record is

Held by

Solace Realty Concepts, LLC 2 records across this site

Amount

$50K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

amendment

Field

Construction

construction contracts in NJ that end within a year →
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Solace Realty Concepts, LLC also holds

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose:… $32K Newark, NJ

Committee

Economic and Housing Development

Introduced

December 22, 2025

On agenda

June 17, 2026

Passed

July 15, 2026

Where it was heard

Municipal Council Jul 15, 2026 Adopt Pass Municipal Council Jun 17, 2026 Defer Pass

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