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73 Academy St

Newark City, NJ 07102
  • $899,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 3822069
UPDATED: 31 min ago
$899,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,132
    SQFT
  • $81
    $/SQFT
Type:
Commercial
Built:
2023
County:
Area:

School Ratings & Info

Description

Premier Villa Group at Keller Williams is proud to bring this approved development project to the market. The property currently consist of a historic building and back building for a total of 4,496 sq ft. The plans approved consist of a 6,826 sq ft/4 story addition for a total of 11,322 sq ft. The new property conversion will offer an 9 unit residential apartment building (6) 2 BR ,(2) 1 BR apt with a rooftop terrace and a 1288 sq ft commercial space on the ground level . Please note this project does not involved the demolition of any buildings. The 3 story building on 73 Academy must remain as it is considered Historic. The property expands the entire block offering entrances from Academy Street and Raymond Boulevard. This subject property is conveniently located in a redevelopment zone and it is next door to Newark's Washington Street light rail station, across the street from the Prudential building, and with in a mile of Newark's Penn Station. The property is also with in a half a mile from Rutgers Newark Campus, NJTI Campus, Prudential Center, and University Hospital. This opportunity doesn't get any better offering 9 total units with full approvals in a developing neighborhood of Newark. See attached plans in documents.

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dekanski Home Selling Team :: RE/MAX 1st Advantage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Dekanski Home Selling Team :: RE/MAX 1st Advantage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-01-29T17:46:28.967.
www.gardenstatehomesearcher.com/homes/135580856
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73 Academy St Newark City, NJ 07102

  • Price: $899,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 31 min ago
  • MLS #: 3822069
0
Beds
0
Baths
0
½ Baths
0.05
Acres
11,132
SQFT
$81
$/SQFT
2023
Built
County:
Essex
Area:
Newark City
Property Description
Premier Villa Group at Keller Williams is proud to bring this approved development project to the market. The property currently consist of a historic building and back building for a total of 4,496 sq ft. The plans approved consist of a 6,826 sq ft/4 story addition for a total of 11,322 sq ft. The new property conversion will offer an 9 unit residential apartment building (6) 2 BR ,(2) 1 BR apt with a rooftop terrace and a 1288 sq ft commercial space on the ground level . Please note this project does not involved the demolition of any buildings. The 3 story building on 73 Academy must remain as it is considered Historic. The property expands the entire block offering entrances from Academy Street and Raymond Boulevard. This subject property is conveniently located in a redevelopment zone and it is next door to Newark's Washington Street light rail station, across the street from the Prudential building, and with in a mile of Newark's Penn Station. The property is also with in a half a mile from Rutgers Newark Campus, NJTI Campus, Prudential Center, and University Hospital. This opportunity doesn't get any better offering 9 total units with full approvals in a developing neighborhood of Newark. See attached plans in documents.
Exterior Features

Approximate Lot Size 29.7X74 Construction See Remarks Exterior Description See Remarks Location See Remarks Number Of Bays 0 Number Of Docks 0 Parking Driveway Description None Roof Description See Remarks

Interior Features

Basement No Cooling See Remarks Equipment Available See Remarks Heating See Remarks Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 9 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type See Remarks Primary Property Type Mixeduse Property Type Mixed UseSee RemarksStore With Apartment Sale Includes Building & LandSee Remarks Sewer See Remarks Suite Number Tbd Tax Amount 17923 Tax Rate Amount 3.734 Tax Rate Year 2021 Tax Year 2021 Utilities See Remarks Water See Remarks Year Built Description To Be Built Zoning Redevelopment

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 201-939-0050.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dekanski Home Selling Team :: RE/MAX 1st Advantage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Dekanski Home Selling Team :: RE/MAX 1st Advantage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-01-29T17:46:28.967.
 
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The Dekanski Home Selling Team :: RE/MAX 1st Advantage
170 Inman Avenue
Colonia NJ, 07067