16-18 Oliver | Newark, NJ 07102
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This Multifamily Property is no longer advertised on LoopNet.ca.
16-18 Oliver
Newark, NJ 07102
The Lincoln - Proposed 598 unit development · Multifamily Property For Sale · 598 Units
Investment Highlights
- 22 Story mixed use building in Downtown Newark/ 598 residential, 2 commercial units
- Located in Lincoln Park Redevelopment zone which has NO maximum height limits
- Just blocks from Newark Penn Station, Prudential Center
- Residential unit mix includes studio, One, Two and Three bedroom units
- Opportunity Zone provides investor/developer with tax incentives
- Project eligible for PILOT program and (potentially) Aspire Tax Credit
PROPERTY FACTS
No. Units | 598 | Construction Status | Proposed |
Property Type | Multifamily | Building Size | 507,042 SF |
Property Subtype | Apartment | No. Stories | 22 |
Apartment Style | High Rise | Parking Ratio | 0.59/1,000 SF |
Building Class | B | Cross Streets | McCarter Highway |
Lot Size | 0.89 AC |
No. Units | 598 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | High Rise |
Building Class | B |
Lot Size | 0.89 AC |
Construction Status | Proposed |
Building Size | 507,042 SF |
No. Stories | 22 |
Parking Ratio | 0.59/1,000 SF |
Cross Streets | McCarter Highway |
PROPERTY TAXES
Parcel Number | 14-00887-0000-00023 | Improvements Assessment | $2,199,349 |
Land Assessment | $640,645 | Total Assessment | $2,839,994 |
PROPERTY TAXES
Parcel Number
14-00887-0000-00023
Land Assessment
$640,645
Improvements Assessment
$2,199,349
Total Assessment
$2,839,994
zoning
Zoning Code | RDV (Redevelopment Zone/Opportunity Zone) |
RDV (Redevelopment Zone/Opportunity Zone) |
Listing ID: 30541463
Date on Market: 2024-01-05
Last Updated:
Address: 16-18 Oliver, Newark, NJ 07102
The Multifamily Property at 16-18 Oliver, Newark, NJ 07102 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.
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