26-0844
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: New construction of a sixteen-unit (16) building, five (5) units to be rented at 30% AMI and eleven (11) units to be rented at 60% AMI. Entity Name: Pre-appraisals Property Development LLC Entity Address: 17 Academy Street, Suite 301, Newark, New Jersey 07102 Sale Amount: $83,470.00 Cost Basis: (X) $17.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $107,800.00 Appraised Amount: N/A Contract Period: To commence within three (3) months and be completed withing eighteen (18) months following transfer of Properties 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 Properties: (Address/Block/Lot/Ward) 479 Springfield Avenue/Block 2608/Lot 14/Central Ward 481 Springfield Avenue/Block 2608/Lot 13/Central Ward Additional Information: Sale Price: Total Square Footage X PSF = 4,910 X $17.00 = $83,470.00 Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties Deferred 7R2-o 090926
What this record is
- Amount
- $108K
- Runs until
- no end date published in this record
- Type
- amendment
- Field
- Construction
construction contracts in NJ that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic and Housing Development
- Introduced
- June 1, 2026
- On agenda
- September 9, 2026
Where it was heard
Municipal CouncilWatch what Newark buys
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