https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8060388&GUID=4521B641-7A2E-4DA4-BAAE-AB2B2FE5EABELegistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8060388&GUID=4521B641-7A2E-4DA4-BAAE-AB2B2FE5EABE4521B641-7A2E-4DA4-BAAE-AB2B2FE5EABE-2026-07-09-18-43-34Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of a new two- family home to be sold at market rate Entity Name: SEMAJ HOLDINGS, LLC Entity Address: 419 15th Avenue, Newark, New Jersey 07103 Sale Amount: $66,062.50 Cost Basis: (X) $25.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $11,500.00 Appraised Amount:$0.0 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) 81 North Munn Avenue/Block 4213/Lot 5/ West Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,642.50 X $25.00 = $66,06Thu, 09 Jul 2026 18:43:34 GMT