https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8060387&GUID=9DA72F37-1ACB-43B9-870C-764359931608Legistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8060387&GUID=9DA72F37-1ACB-43B9-870C-7643599316089DA72F37-1ACB-43B9-870C-764359931608-2026-07-10-15-03-40Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of a mixed-use building consisting of thirty-two (32) residential apartments and two (2) ground-level commercial spaces, with twenty percent (20%) of the residential units designated as affordable housing. Entity Name: GonSosa Development LLC Entity Address: 429 Chestnut Street, Roselle Park, New Jersey 07204 Sale Amount: $220,500.00 Cost Basis: (X) $ 21.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $126,000.00 Appraised Amount: N/A 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/Fri, 10 Jul 2026 15:03:40 GMT