https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8060393&GUID=D0AF3F63-2CAB-44A3-8204-A3FC0901B8CELegistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8060393&GUID=D0AF3F63-2CAB-44A3-8204-A3FC0901B8CED0AF3F63-2CAB-44A3-8204-A3FC0901B8CE-2026-06-12-17-13-39Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: First Amendment to the Agreement for the Sale and Redevelopment of Land to DCF Developers, LLC to change the property description to the new construction of four (4) three-family homes to provide twelve (12) three-bedroom units of which two (2) units shall be restricted to tenants at 80% Area Median Income (“AMI”), one (1) units shall be restricted to tenants at 60% AMI and the other nine (9) units will be market rate. Entity Name: DCF Developers, LLC Entity Address: 162 South 8th Street, Apartment 3, Brooklyn, New York 11211 Sale Amount: $131,040.00 Cost Basis: (X) $13.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $158,600.00 Appraised Amount: N/A Contract Period: To commence within three (3) months and be completed within twenty-four (24) months from the transfer of ownership by the City Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) FFri, 12 Jun 2026 17:13:39 GMT