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Newark Portfolio 2 Multifamily Properties in Newark, NJ
Investment Highlights
- Ridgeview Square benefits from a 30-year tax PILOT fixed 10% and a 30-year rent control waiver.
- On-site parking
- Kitchens feature Granite countertops with subway tile backsplash, and Energy Star stainless steel appliances including dishwasher
- The properties are exempt from rent control for 30 years.
- Contemporary open floor plans
- Full-sized washer and dryer
Executive Summary
The portfolio consists of 3 buildings with 74 units and 1 retail space.
Ridgeview Square is located at 746-758 South 14th Street and consists of 38 residential units. Eight of the 38 units are affordable units. Ridgeview Square was built in 2024.
Ridgeview Parc is located at 566-570 Springfield Avenue/18th Avenue and consists of 24 units and 1 retail space. The property was built in 2026.
Ridgeview Court is located at 369-379 18th Avenue consists of 12 residential units. One of the 12 units is an affordable unit. Ridgeview Court was built in 2025.
Ridgeview Square is located at 746-758 South 14th Street and consists of 38 residential units. Eight of the 38 units are affordable units. Ridgeview Square was built in 2024.
Ridgeview Parc is located at 566-570 Springfield Avenue/18th Avenue and consists of 24 units and 1 retail space. The property was built in 2026.
Ridgeview Court is located at 369-379 18th Avenue consists of 12 residential units. One of the 12 units is an affordable unit. Ridgeview Court was built in 2025.
Property Facts
| Sale Type | Investment or Owner User | Individually For Sale | 0 |
| Status | Active | Total Building Size | 50,800 SF |
| Number of Properties | 3 | Total Land Area | 0.63 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 50,800 SF |
| Total Land Area | 0.63 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 746-758 South 14th St, Newark, NJ 07103 | Multifamily | 38,800 SF | 2023 | - |
|
RXP Parc
566 Springfield Ave, Newark, NJ 07103 |
Multifamily | 12,000 SF | 2026 | - |
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