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- LoopNet Team
514 S 15th St
Newark, NJ 07103
Brick City Development · Land For Sale
·
0.10 AC
INVESTMENT HIGHLIGHTS
- Approved 12 unit residential project
- 2 miles to NJIT
- 3 miles to Seton Hall University
- 1/2 Block from West Side Park and public transportation
- 2.2 miles to Downtown Newark
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 0.10 AC |
| Zoning | RDV | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.10 AC |
| Zoning | RDV |
DESCRIPTION
We are pleased to present this development opportunity for sale in the Springfield redevelopment area. The property consists of 5,237 sq ft of level and paved lot, environmentally clear for a residential project. The Owner will deliver a non appealable site plan approval for a 12 unit apartment building, with a footprint of 55% (2,884 Sq ft) in a 4 story dwelling, the buildings total sq ft will be 10,824 SQ FT, consisting of all (1) BR units ranging from 558 to 812 sq ft. The property is located within the Springfield Redevelopment plan. 1/2 Block from West Side Park and public transportation, 2 miles to NJIT, 2.2 miles to Downtown Newark and 3 miles to Seton Hall University.
PROPERTY TAXES
| Parcel Number | 14-00332-0000-00041 | Improvements Assessment | $410,000 |
| Land Assessment | $33,400 | Total Assessment | $443,400 |
PROPERTY TAXES
