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18-26 New York Ave - Entitled Residential Development Project 0.48 Acres of Commercial Land in Newark, NJ 07105
Investment Highlights
- Shovel-Ready & Entitled project secured all city approvals. Eliminates the often lengthy, complex, and costly entitlement process which can take years
- Transit-Oriented with excellent connectivity to major highways and International Airports.
- 70 units with dedicated 75 parking spaces
- Prime Newark Location
- Pre-Approved Architecture Design
Executive Summary
Exceptional opportunity to acquire a fully entitled and approved development site in a prime Newark location.
This "shovel-ready" project allows for immediate commencement of construction within a couple of months, eliminating lengthy approval processes. Imagine bypassing years of complex city approvals and headaches — we have handled all the heavy lifting. All architectural, civil, and essential city documents are complete and ready for immediate action. What's more, this project comes with a significant advantage: it's exempt from the 20% low-income housing requirement, offering greater flexibility for the new owner’s development vision.
The approved plans consist of a 70-unit apartment building with 75 integrated parking spaces. All architectural designs and required city documents are complete and readily available, ensuring a seamless transition to development.
Strategic Location Advantages: Transit-Centric: Situated just 0.5 miles from Newark Penn Station, offering unparalleled access to NYC and major NJ transit lines—a significant draw for future residents.
Superior Accessibility: Only 1.3 miles to I-280, providing excellent connectivity for commuters.
International Gateway: A mere 3 miles from Newark Liberty International Airport (EWR), enhancing the property's appeal for professionals and frequent travelers.
This offering presents a rare chance to capitalize on Newark's ongoing revitalization and strong demand for modern residential properties. Invest in a pre-approved, high-potential asset in a rapidly appreciating urban market. Act now to secure this turn-key development opportunity.
Call 609.727.8888 for more details!
This "shovel-ready" project allows for immediate commencement of construction within a couple of months, eliminating lengthy approval processes. Imagine bypassing years of complex city approvals and headaches — we have handled all the heavy lifting. All architectural, civil, and essential city documents are complete and ready for immediate action. What's more, this project comes with a significant advantage: it's exempt from the 20% low-income housing requirement, offering greater flexibility for the new owner’s development vision.
The approved plans consist of a 70-unit apartment building with 75 integrated parking spaces. All architectural designs and required city documents are complete and readily available, ensuring a seamless transition to development.
Strategic Location Advantages: Transit-Centric: Situated just 0.5 miles from Newark Penn Station, offering unparalleled access to NYC and major NJ transit lines—a significant draw for future residents.
Superior Accessibility: Only 1.3 miles to I-280, providing excellent connectivity for commuters.
International Gateway: A mere 3 miles from Newark Liberty International Airport (EWR), enhancing the property's appeal for professionals and frequent travelers.
This offering presents a rare chance to capitalize on Newark's ongoing revitalization and strong demand for modern residential properties. Invest in a pre-approved, high-potential asset in a rapidly appreciating urban market. Act now to secure this turn-key development opportunity.
Call 609.727.8888 for more details!
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.48 AC |
| Property Type | Land | ||
| Zoning | MX-1 - Mixed-Use - Low-Density Res/Comm | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.48 AC |
| Zoning | MX-1 - Mixed-Use - Low-Density Res/Comm |
1 Lot Available
Lot
| Lot Size | 0.48 AC |
| Lot Size | 0.48 AC |
Shovel-ready 70-unit residential apartment development site. Approved plans, permits, and architectural designs ready. Steps to Newark Penn Station, easy access to I-280 & EWR. Immediate development potential in a prime, high-growth urban location.
Description
Vacant land available for residential development. Shovel-ready 70-unit + 75 parkings residential apartment development site. Approved plans, permits, and architectural designs ready. Steps to Newark Penn Station, easy access to I-280 & EWR. Immediate development potential in a prime, high-growth urban location.
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (91)
Property Taxes
| Parcel Number | 14-00916-0000-00049-01 | Improvements Assessment | $0 |
| Land Assessment | $750,000 | Total Assessment | $750,000 |
Property Taxes
Parcel Number
14-00916-0000-00049-01
Land Assessment
$750,000
Improvements Assessment
$0
Total Assessment
$750,000
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Presented by
Rivive LLC
18-26 New York Ave - Entitled Residential Development Project
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