https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8035327&GUID=302BBCD0-68C0-48E3-8597-01F05C20F865Legistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8035327&GUID=302BBCD0-68C0-48E3-8597-01F05C20F865302BBCD0-68C0-48E3-8597-01F05C20F865-2026-05-21-20-43-45Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To use as an extension to a current development project Entity Name: 34 Jersey U R LLC Entity Address: 1 Julius Way, Lakewood, New Jersey 08701 Sale Amount: $2,600,000.00 Cost Basis: ( ) $ PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $920,100.00 Appraised Amount: $3,700,000.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) months following transfer of property ownership from the City to the Redeveloper Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 34-48 Jersey Street/Block 171/ Lot 41/ East Ward Additional Information: Sale Price: Negotiated = $2,600,000.00 The difference between the sale price and appraised value is being ofThu, 21 May 2026 20:43:45 GMT