26-1106

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: New construction of three (3) two-family homes, to be rented to Section 8 Housing Choice Voucher participants. Entity Name: Brick City Preservation LLC Entity Address: 79-81 Farley Avenue, Newark, New Jersey 07108 Sale Amount: $106,730.00 Cost Basis: (X) $13.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $27,700.00 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) 48-52 Speedway Avenue/Block 4005/Lot(s) 1,2,3/West Ward Additional Information: Sale Price: Total Square Footage X PSF = 8,210 X $13.00 = $106,730.00 Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.

Resolution Adopted Introduced July 24, 2026

What this record is

Amount: $107K
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: July 24, 2026
On agenda: September 9, 2026
Passed: September 9, 2026

Full text & attachments ↗ Download briefing (PDF)

Where it was heard

Municipal Council Sep 9, 2026 Adopt Pass

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