Listing Details

390 N 5Th St,Newark City, NJ 07107-2308

  • September 3, 2025
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Description

Prime Development Opportunity ” Approved for 24-Unit Garden Apartment Complex North Newark. Unlock the potential of this development site in the heart of North Newark, featuring approved zoning resolution for a 5-story, 24-unit garden apartment building. The proposed design includes a mix of 1-bedroom and 2-bedroom units across the 2nd to 5th floors, offering ideal layouts for urban renters. An optional underground parking garage is part of the approved concept, providing added value and flexibility for future residents. Perfectly situated just minutes from the Newark Light Rail, major highways, and public transportation, this location offers unbeatable accessibility and convenience for commuters and city dwellers alike. Please note: Approved architectural plans and permits will not be provided. The sale includes the land and the City of Newark’s zoning resolution approval only. Proposed site plans available upon request.

Details

Last Updated On: September 3rd, 2025 at 8:27 am
Property ID:PT-1353877-AXZR
Offer Type:For Vacant Land
Property Type:Vacant Land
Price: 777,000 $

Additional Details

Location

Lotsize: 73.3X100
Number of Lots: 1

Home Details

Acreage: 0.17
Road Surface Description: Blacktop/Asphalt Road
Easement: Unknown

Taxes, Fees & Assessments

Tax Amount: $4,757.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2024
Land Assessment: $124,100.00
Building Assessment: $1,000.00
Total Assessment: $125,100.00

Statistics

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