16-18 Oliver | Newark, NJ 07102
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16-18 Oliver
Newark, NJ 07102
Oliver Street Development - 475 units · Multifamily Property For Sale
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475 Units
INVESTMENT HIGHLIGHTS
- • 20 Story mixed use building in Downtown Newark
- • Residential unit mix includes studio, One, Two and Three bedroom units
- • Opportunity Zone provides investor/developer with tax incentives
- • 473 residential, 2 commercial units
- • Located in Lincoln Park Redevelopment zone which has NO maximum height limits
- • Just blocks from Newark Penn Station, Prudential Center
PROPERTY FACTS
| No. Units | 475 | Construction Status | Abandoned |
| Property Type | Multifamily | Building Size | 507,042 SF |
| Property Subtype | Apartment | No. Stories | 22 |
| Apartment Style | Hi-Rise | Parking Ratio | 0.59/1,000 SF |
| Building Class | B | Cross Streets | McCarter Highway |
| Lot Size | 0.89 AC | ||
| Zoning | RDV - Redevelopment Zone/Opportunity Zone | ||
| No. Units | 475 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | B |
| Lot Size | 0.89 AC |
| Construction Status | Abandoned |
| Building Size | 507,042 SF |
| No. Stories | 22 |
| Parking Ratio | 0.59/1,000 SF |
| Cross Streets | McCarter Highway |
| Zoning | RDV - Redevelopment Zone/Opportunity Zone |
PROPERTY TAXES
| Parcel Number | 14-00887-0000-00023 | Improvements Assessment | $2,016,900 |
| Land Assessment | $587,500 | Total Assessment | $2,604,400 |
PROPERTY TAXES
Parcel Number
14-00887-0000-00023
Land Assessment
$587,500
Improvements Assessment
$2,016,900
Total Assessment
$2,604,400
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