File #: 21-1708    Version: 1 Name: Resolution: Stipulation of Settlement for Tax Appeals
Type: Resolution Status: Adopted
File created: 11/16/2021 In control: Finance
On agenda: 2/2/2022 Final action: 2/2/2022
Title: Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Stipulation of Settlements for Tax Appeals List of Property: (Tax Payer/Address/Block/Lot/Ward/Assmnt./Year/Refund Amount) 4/9/57-67 Bridge Street/Central/2013/$5,110,800/-$0.00 4/9/57-67 Bridge Street/Central/2014/$5,110,800/-$0.00 4/9/57-67 Bridge Street/Central/2015/$4,750,000/-$11,938.87 4/9/57-67 Bridge Street/Central/2016/$4,750,000/-$12,411.52 4/9/57-67 Bridge Street/Central/2017/$4,750,000/-$12,844.48 4/9/57-67 Bridge Street/Central/2018/$4,750,000/-$13,324.34 4/9/57-67 Bridge Street/Central/2019/$4,750,000/-$13,569.69 Berger Crescent, LLC/14/7(8)/558-560 Broad Street/Central/2018/$1,840,000/-$5,908.80 Berger Crescent, LLC/14/7(8)/558-560 Broad Street/Central/2019/$1,840,000/-$6,017.60 10 Bleeker Street Properties LLC/19/1(27)/26-106 Washington Street/Central/2014/$2,750,500/-$0.00 10 Bleeker Street Properties LLC/19/1(27)/26-106 Washington Street/Central/2015/$2,750,500/-$0.00 10 Ble...
Sponsors: Council of the Whole

Title

Dept/ Agency: Finance

Action:  (   ) Ratifying     (X) Authorizing     (   ) Amending

Purpose: Stipulation of Settlements for Tax Appeals

List of Property:

(Tax Payer/Address/Block/Lot/Ward/Assmnt./Year/Refund Amount)

4/9/57-67 Bridge Street/Central/2013/$5,110,800/-$0.00

4/9/57-67 Bridge Street/Central/2014/$5,110,800/-$0.00

4/9/57-67 Bridge Street/Central/2015/$4,750,000/-$11,938.87

4/9/57-67 Bridge Street/Central/2016/$4,750,000/-$12,411.52

4/9/57-67 Bridge Street/Central/2017/$4,750,000/-$12,844.48

4/9/57-67 Bridge Street/Central/2018/$4,750,000/-$13,324.34

4/9/57-67 Bridge Street/Central/2019/$4,750,000/-$13,569.69

Berger Crescent, LLC/14/7(8)/558-560 Broad Street/Central/2018/$1,840,000/-$5,908.80

Berger Crescent, LLC/14/7(8)/558-560 Broad Street/Central/2019/$1,840,000/-$6,017.60

10 Bleeker Street Properties LLC/19/1(27)/26-106 Washington Street/Central/2014/$2,750,500/-$0.00

10 Bleeker Street Properties LLC/19/1(27)/26-106 Washington Street/Central/2015/$2,750,500/-$0.00

10 Bleeker Street Properties LLC/19/1(27)/26-106 Washington Street/Central/2016/$2,750,500/-$0.00

10 Bleeker Street Properties LLC/19/2/10-12 Bleeker Street/Central/2013/$253,900/-$0.00

10 Bleeker Street Properties LLC/19/2/10-12 Bleeker Street/Central/2014/$253,900/-$0.00

10 Bleeker Street Properties LLC/19/2/10-12 Bleeker Street/Central/2015/$350,000/-$1,684.28

10 Bleeker Street Properties LLC/19/2/10-12 Bleeker Street/Central/2016/$350,000/-$1,750.96

10 Bleeker Street Properties LLC/19/2/10-12 Bleeker Street/Central/2017/$350,000/-$1,812.04

10 Bleeker Street Properties LLC/19/2/10-12 Bleeker Street/Central/2018/$350,000/-$1,879.74

10 Bleeker Street Properties LLC/19/2/10-12 Bleeker Street/Central/2019/$350,000/-$1,914.35

New West Urban Renewal Co Ltd./47/40/23-37 University Avenue/Central/2013/$1,177,500/-$0.00

New West Urban Renewal Co Ltd./47/40/23-37 University Avenue/Central/2014/$1,000,000/-$5,504.28

New West Urban Renewal Co Ltd./47/40/23-37 University Avenue/Central/2016/$1,000,000/-$6,106.00

New West Urban Renewal Co Ltd./47/40/23-37 University Avenue/Central/2017/$1,177,500/-$0.00

New West Urban Renewal Co Ltd./47/40/23-37 University Avenue/Central/2018/$1,177,500/-$0.00

New West Urban Renewal Co Ltd./47/40/23-37 University Avenue/Central/2019/$1,177,500/-$0.00

Premier Properties/53/4/17-25 Academy Street/Central/2019/$6,862,500/-$46,542.38

278 Washington, LLC/59/19/278-282 Washington Street/Central/2020/$1,000,000/-$9,500.00

278 Washington, LLC/59/19/278-282 Washington Street/Central/2021/$1,000,000/-$9,335.00

Group Realty Corp./59/30/32-38 Branford Place/Central/2013/$550,000/-$1,677.30

Group Realty Corp./59/30/32-38 Branford Place/Central/2014/$550,000/-$1,761.37

Group Realty Corp./59/30/32-38 Branford Place/Central/2015/$550,000/-$1,879.51

Group Realty Corp./59/30/32-38 Branford Place/Central/2016/$550,000/-$1,953.92

Group Realty Corp./59/30/32-38 Branford Place/Central/2017/$550,000/-$2,022.08

Group Realty Corp./59/30/32-38 Branford Place/Central/2018/$550,000/-$2,097.62

Group Realty Corp./59/30/32-38 Branford Place/Central/2019/$550,000/-$2,136.25

Group Realty Corp./59/34/32 Branford Place(Merged into Lot 30)/Central/2013/$462,300/-$0.00

Group Realty Corp./59/34/32 Branford Place(Merged into Lot 30)/Central/2014/$462,300/-$0.00

Group Realty Corp./59/34/32 Branford Place(Merged into Lot 30)/Central/2015/$462,300/-$0.00

Group Realty Corp./59/34/32 Branford Place(Merged into Lot 30)/Central/2016/$400,000/-$2,143.12

Group Realty Corp./59/34/32 Branford Place(Merged into Lot 30)/Central/2017/$400,000/-$2,217.88

Group Realty Corp./59/34/32 Branford Place(Merged into Lot 30)/Central/2018/$400,000/-$2,300.74

Group Realty Corp./59/34/32 Branford Place(Merged into Lot 30)/Central/2019/$400,000/-$2,343.10

45 Academy St Assoc., LLC/63.01/44/137-145 Halsey Street/Central/2017/$3,618,800/-$65,763.88

45 Academy St Assoc., LLC/63.01/44/137-145 Halsey Street/Central/2018/$3,618,800/-$68,220.79

45 Academy St Assoc., LLC/63.01/44/137-145 Halsey Street/Central/2019/$3,618,800/-$69,476.95

45 Academy St Assoc., LLC/63.01/51(52)/51-53 Academy Street/Central/2017/$381,200/-$0.00

45 Academy St Assoc., LLC/63.01/51(52)/51-53 Academy Street/Central/2018/$381,200/-$0.00

45 Academy St Assoc., LLC/63.01/51(52)/51-53 Academy Street/Central/2019/$381,200/-$0.00

Lincoln West, LLC/123/36/67-69 Lincoln Park/Central/2017/$400,000/-$4,991.12

Shalom Towers Realty/123/44(50)/75-91 Clinton Avenue/Central/2013/$1,078,300/-$0.00

Shalom Towers Realty/123/44(50)/75-91 Clinton Avenue/Central/2015/$9,100,000/-$0.00

Shalom Towers Realty/123/44(50)/75-91 Clinton Avenue/Central/2016/$9,100,000/-$0.00

Shalom Towers Realty/123/44(50)/75-91 Clinton Avenue/Central/2019/$9,900,000/$30,088.00

Shalom Towers Realty/123/44(50)/75-91 Clinton Avenue/Central/2020/$7,500,000/-$60,800.00

804 Broad LLC/164/1/800-804 Broad Street/East/2019/$2,250,000/-$17,101.27

194 Market LLC/164/17/194 Market Street/East/2019/$660,700/-$17,650.37

LMJ, LLC/164/84/35-37 Edison Place/East/2016/$1,150,400/-$0.00

LMJ, LLC/164/84/35-37 Edison Place/East/2017/$1,150,400/-$0.00

LMJ, LLC/164/84/35-37 Edison Place/East/2018/$950,000/-$7,400.77

LMJ, LLC/164/84/35-37 Edison Place/East/2019/$950,000/-$7,537.04

LMJ, LLC/164/84/35-37 Edison Place/East/2020/$950,000/-$7,615.20

LMJ, LLC/164/84/35-37 Edison Place/East/2021/$925,000/-$5,410.57

174/21/38 Jefferson Street/East/2013/$681,500/-$0.00

174/21/38 Jefferson Street/East/2014/$600,000/-$2,527.32

174/21/38 Jefferson Street/East/2015/$600,000/-$2,696.84

174/21/38 Jefferson Street/East/2016/$600,000/-$2,803.60

174/21/38 Jefferson Street/East/2017/$525,000/-$5,571.40

174/21/38 Jefferson Street/East/2018/$525,000/-$5,779.55

174/21/38 Jefferson Street/East/2019/$500,000/-$6,826.22

174/21/38 Jefferson Street/East/2020/$500,000/-$6,897.00

200/9/113 Mcwhorter Street/East/2012/$175,000/-$4,063.00

P. S. Elec & Gas Co/225/38/304-312 Norfolk Street/Central/2019/$1,248,100/-$0.00

P. S. Elec & Gas Co/225/38/304-312 Norfolk Street/Central/2020/$836,800/-$15,629.40

P. S. Elec & Gas Co/225/38/304-312 Norfolk Street/Central/2021/$800,000/-$0.00

Shaan Properties LLC/336/26/295 16th Avenue/West/2020/$175,000/-$1,246.40

250 Passaic, LLC/435/1(B446 L6)/220-262 Passaic Street/Central/2014/$4,674,400/-$0.00

250 Passaic, LLC/435/1(B446 L6)/220-262 Passaic Street/Central/2015/$4,674,400/-$0.00

250 Passaic, LLC/435/1(B446 L6)/220-262 Passaic Street/Central/2016/$4,674,400/-$0.00

250 Passaic, LLC/435/1(B446 L6)/220-262 Passaic Street/Central/2017/$4,674,400/-$0.00

250 Passaic, LLC/435/1(B446 L6)/220-262 Passaic Street/Central/2018/$4,674,400/-$0.00

250 Passaic, LLC/435/1(B446 L6)/220-262 Passaic Street/Central/2019/$7,000,000/-$188,050.00

250 Passaic, LLC/435/1(B446 L6)/220-262 Passaic Street/Central/2020/$12,000,000/-$0.00

250 Passaic, LLC/435/1(B446 L6)/220-262 Passaic Street/Central/2021/$12,000,000/-$0.00

250 Passaic, LLC/437/4/158-162 Passaic Street/Central/2013/$560,600/-$0.00

250 Passaic, LLC/437/4/158-162 Passaic Street/Central/2014/$560,600/-$0.00

250 Passaic, LLC/437/4/158-162 Passaic Street/Central/2015/$560,600/-$0.00

250 Passaic, LLC/437/4/158-162 Passaic Street/Central/2020/$560,600/-$0.00

250 Passaic, LLC/437/4/158-162 Passaic Street/Central/2021/$560,600/-$0.00

250 Passaic, LLC/437/11/164-172 Passaic Street/Central/2013/$547,300/-$0.00

250 Passaic, LLC/437/11/164-172 Passaic Street/Central/2014/$547,300/-$0.00

250 Passaic, LLC/437/11/164-172 Passaic Street/Central/2015/$547,300/-$0.00

250 Passaic, LLC/437/11/164-172 Passaic Street/Central/2020/$547,300/-$0.00

250 Passaic, LLC/437/11/164-172 Passaic Street/Central/2021/$547,300/-$0.00

250 Passaic, LLC/437/22(B446 L1)/174-218 Passaic Street/Central/2014/$1,384,000/-$0.00

250 Passaic, LLC/437/22(B446 L1)/174-218 Passaic Street/Central/2015/$1,384,000/-$0.00

250 Passaic, LLC/437/22(B446 L1)/174-218 Passaic Street/Central/2016/$1,384,000/-$0.00

250 Passaic, LLC/437/22(B446 L1)/174-218 Passaic Street/Central/2020/$1,384,000/-$0.00

250 Passaic, LLC/437/22(B446 L1)/174-218 Passaic Street/Central/2021/$1,384,000/-$0.00

Riya Hotel LLC c/o Comfort Suite/438/1.01/1348-1372 McCarter Highway/Central/2020/$3,750,000/-$42,940.00

Riya Hotel LLC c/o Comfort Suite/438/1.01/1348-1372 McCarter Highway/Central/2021/$4,000,000/-$16,971.03

349 Broad Street Newark, LLC/452/2/2-28 Broadway/Central/2015/$1,403,600/-$0.00

349 Broad Street Newark, LLC/452/2/2-28 Broadway/Central/2016/$1,403,600/-$0.00

349 Broad Street Newark, LLC/452/2/2-28 Broadway/Central/2017/$1,100,000/-$10,808.16

349 Broad Street Newark, LLC/452/2/2-28 Broadway/Central/2018/$1,000,000/-$14,904.95

349 Broad Street Newark, LLC/452/2/2-28 Broadway/Central/2019/$950,000/-$17,059.90

349 Broad Street Newark, LLC/452/2/2-28 Broadway/Central/2020/$950,000/-$17,236.80

349 Broad Street Newark, LLC/452/2/2-28 Broadway/Central/2021/$900,000/-$0.00

Broadway Equities, LLC/481/1/54 Broadway/Central/2017/$715,900/-$24,037.12

Broadway Equities, LLC/481/1/54 Broadway/Central/2018/$715,900/-$15,303.79

Broadway Equities, LLC/481/1/54 Broadway/Central/2019/$715,900/-$15,585.58

Broadway Equities, LLC./481/1/54 Broadway/Central/2020/$715,900/-$15,747.20

Broadway Equities, LLC/481/30/68-72 Webster Street/Central/2017/$234,100/-$0.00

Broadway Equities, LLC/481/30/68-72 Webster Street/Central/2018/$234,100/-$0.00

Broadway Equities, LLC/481/30/68-72 Webster Street/Central/2019/$234,100/-$0.00

Broadway Equities, LLC/481/30/68-72 Webster Street/Central/2020/$234,100/-$0.00

Pisco Sour Enterpris/517/62/106 Broadway/Central/2014/$185,000/-$722.53

Pisco Sour Enterpris/517/62/106 Broadway/Central/2016/$185,000/-$801.52

Pisco Sour Enterpris/517/62/106 Broadway/Central/2017/$185,000/-$829.48

Pisco Sour Enterpris/517/62/106 Broadway/Central/2018/$185,000/-$860.47

Goal Investments, LLC/520/1.02/1424-1430 McCarter Highway/North/2017/$1,500,000/-$4,620.88

Goal Investments, LLC/520/1.02/1424-1430 McCarter Highway/North/2018/$1,500,000/-$4,793.51

Goal Investments, LLC/520/1.02/1424-1430 McCarter Highway/North/2019/$1,500,000/-$4,881.78

Star of Bloomfield Realty Corp./537/11/212 Ridge Street/North/2019/$225,000/-$2,038.46

640/37/631 North 6th Street/North/2013/$575,000/-$1,644.82

640/37/631 North 6th Street/North/2014/$575,000/-$1,727.26

640/37/631 North 6th Street/North/2015/$575,000/-$1,843.11

640/37/631 North 6th Street/North/2016/$575,000/-$1,916.08

640/37/631 North 6th Street/North/2017/$575,000/-$1,982.92

640/37/631 North 6th Street/North/2018/$575,000/-$2,057.00

640/37/631 North 6th Street/North/2019/$575,000/-$2,094.88

640/37/631 North 6th Street/North/2020/$575,000/-$2,116.60

652/19/572-574 Bloomfield Avenue/North/2019/$1,025,000/-$3,651.93

722/44/75 Delavan Avenue/North/2016/$208,000/-$1,032.00

17 Elwood Place, LLC/733/9/17-21 Elwood Place/North/2019/$1,300,000/-$0.00

17 Elwood Place, LLC/733/9/17-21 Elwood Place/North/2020/$1,300,000/-$0.00

17 Elwood Place, LLC/733/9/17-21 Elwood Place/North/2021/$1,300,000/-$0.00

16 Irving Street, LLC/821/14/16-20 Irving Street/North/2018/$1,000,000/-$0.00

16 Irving Street, LLC/821/14/16-20 Irving Street/North/2019/$1,000,000/-$0.00

16 Irving Street, LLC/821/14/16-20 Irving Street/North/2020/$1,000,000/-$0.00

16 Irving Street, LLC/821/14/16-20 Irving Street/North/2021/$1,000,000/-$0.00

Beira Realty, Co (Seabra A/867/14/102 Green Street/East/2017/$121,600/-$0.00

Beira Realty, Co (Seabra A/867/14/102 Green Street/East/2018/$80,000/-$1,536.29

Beira Realty, Co (Seabra A/867/14/102 Green Street/East/2019/$80,000/-$1,564.58

Beira Realty, Co (Seabra A/867/14/102 Green Street/East/2020/$80,000/-$1,580.80

Beira Realty, Co/867/18/94 Green Street/East/2017/$18,000/-$0.00

Beira Realty, Co/867/18/94 Green Street/East/2018/$18,000/-$0.00

Beira Realty, Co/867/18/94 Green Street/East/2019/$18,000/-$0.00

Beira Realty, Co/867/18/94 Green Street/East/2020/$18,000/-$0.00

Beira Corp./867/20/92 Green Street/East/2017/$14,600/-$0.00

Beira Corp./867/20/92 Green Street/East/2018/$14,600/-$0.00

Beira Corp./867/20/92 Green Street/East/2019/$14,600/-$0.00

Beira Corp./867/20/92 Green Street/East/2020/$14,600/-$0.00

Beira Realty, Co/867/22/90 Green Street/East/2017/$12,100/-$0.00

Beira Realty, Co/867/22/90 Green Street/East/2018/$12,100/-$0.00

Beira Realty, Co/867/22/90 Green Street/East/2019/$12,100/-$0.00

Beira Realty, Co/867/22/90 Green Street/East/2020/$12,100/-$0.00

Beira Corp./867/23/36-42 Columbia Street/East/2017/$1,515,700/-$0.00

Beira Corp./867/23/36-42 Columbia Street/East/2018/$1,515,700/-$0.00

Beira Corp./867/23/36-42 Columbia Street/East/2019/$1,515,700/-$0.00

Beira Corp./867/23/36-42 Columbia Street/East/2020/$1,515,700/-$0.00

Mulberry Green Realty, LLC/872/1/75-81 Green Street/Central/2016/$1,900,000/-$22,046.96

Mulberry Green Realty, LLC/872/1/75-81 Green Street/Central/2017/$1,900,000/-$22,816.04

Mulberry Green Realty, LLC/872/1/75-81 Green Street/Central/2018/$1,900,000/-$0.00

Mulberry Green Realty, LLC/872/1/75-81 Green Street/Central/2019/$1,900,000/-$0.00

Mulberry Green Realty, LLC/872/1/75-81 Green Street/Central/2020/$1,755,000/-$5,510.00

The Newark Boys Chorus School/883/46/1016-1018 Broad Street/Central/2019/$780,000/-$71,485.33

914/5/147 NJRR Avenue(Merged into Lot 8)/East/2018/$188,000/-$0.00

914/8/141-147 NJRR Avenue/East/2013/$526,300/-$0.00

914/8/141-147 NJRR Avenue/East/2014/$452,000/-$2,304.04

914/8/141-147 NJRR Avenue/East/2015/$452,000/-$2,458.59

914/8/141-147 NJRR Avenue/East/2016/$452,000/-$2,555.92

914/8/141-147 NJRR Avenue/East/2017/$452,000/-$2,645.08

914/8/141-147 NJRR Avenue/East/2018/$490,000/-$1,340.56

251 N.J. Holdings, LLC/920/7.01/251-253 NJRR Avenue/East/2019/$475,000/-$1,432.94

Alnsons, LLC/944/4/60 Pacific Street/East/2017/$200,700/-$0.00

Alnsons, LLC/944/4/60 Pacific Street/East/2018/$200,700/-$0.00

Alnsons, LLC/944/4/60 Pacific Street/East/2019/$185,700/-$564.15

Alnsons, LLC/944/4/60 Pacific Street/East/2020/$185,700/-$570.00

Alnsons, LLC/944/5/58 Pacific Street/East/2017/$206,500/-$0.00

Alnsons, LLC/944/5/58 Pacific Street/East/2018/$206,500/-$0.00

Alnsons, LLC/944/5/58 Pacific Street/East/2019/$206,500/-$0.00

Alnsons, LLC/944/5/58 Pacific Street/East/2020/$206,500/-$0.00

944/8/50-56 Pacific Street/East/2017/$340,100/-$0.00

944/8/50-56 Pacific Street./East/2018/$250,000/-$0.00

944/8/50-56 Pacific Street./East/2019/$250,000/-$0.00

944/8/50-56 Pacific Street./East/2020/$250,000/-$0.00

Chestnut and Oliver, LLC/947/35/179 Oliver Street/East/2019/$2,865,000/-$8,405.84

Chestnut and Oliver, LLC/947/36/181-187 Oliver Street/East/2019/$1,134,100/-$0.00

Chestnut and Oliver, LLC/947/44/234 Chestnut Street/East/2019/$75,100/-$0.00

Alnsons, LLC/950/16/25-27 Calumet Street./East/2017/$52,400/-$0.00

Alnsons, LLC/950/16/25-27 Calumet Street./East/2018/$52,400/-$0.00

Alnsons, LLC/950/16/25-27 Calumet Street./East/2019/$52,400/-$0.00

Alnsons, LLC/950/16/25-27 Calumet Street./East/2020/$52,400/-$0.00

Delancy St., LLC/950/45/41-43 Delancy Street/East/2014/$311,000/-$0.00

Delancy St., LLC/950/45/41-43 Delancy Street/East/2015/$300,000/-$363.99

Delancy St., LLC/950/45/41-43 Delancy Street/East/2016/$275,000/-$1,238.40

Delancy St., LLC/950/45/41-43 Delancy Street/East/2017/$275,000/-$1,281.60

Delancy St., LLC/950/45/41-43 Delancy Street/East/2018/$250,000/-$2,252.73

Alnsons, LLC/961/18/C1307/272-276 Walnut Street/East/2017/$178,700/-$0.00

Alnsons, LLC/961/18/C1307/272-276 Walnut Street/East/2018/$178,700/-$0.00

Alnsons, LLC/961/18/C1307/272-276 Walnut Street/East/2019/$155,000/-$891.36

Alnsons, LLC/961/18/C1307/272-276 Walnut Street/East/2020/$155,000/-$900.60

993/19/79-83 Elm Road/East/2017/$490,000/-$537.56

993/19/79-83 Elm Road/East/2018/$485,000/-$742.29

997/35/72-74 Elm Road/East/2017/$750,000/-$2,118.20

997/35/72-74 Elm Road/East/2018/$750,000/-$2,197.34

OLE Investment Group/999/39/62-70 Jabez Street/East/2015/$1,350,000/-$0.00

OLE Investment Group/999/39/62-70 Jabez Street/East/2016/$1,350,000/-$0.00

OLE Investment Group/999/39/62-70 Jabez Street/East/2017/$1,350,000/-$0.00

OLE Investment Group/999/39/62-70 Jabez Street/East/2018/$1,100,000/-$9,232.50

OLE Investment Group/999/39/62-70 Jabez Street/East/2019/$1,100,000/-$9,402.50

OLE Investment Group/999/39/62-70 Jabez Street/East/2020/$1,100,000/-$9,500.00

OLE Investment Group/999/43(44)/56-60 Jabez Street/East/2015/$297,500/-$0.00

OLE Investment Group/999/43(44)/56-60 Jabez Street/East/2016/$297,500/-$0.00

OLE Investment Group/999/43(44)/56-60 Jabez Street/East/2017/$297,500/-$0.00

OLE Investment Group/999/43(44)/56-60 Jabez Street/East/2018/$297,500/-$0.00

OLE Investment Group/999/43(44)/56-60 Jabez Street/East/2019/$297,500/-$0.00

OLE Investment Group/999/43(44)/56-60 Jabez Street/East/2020/$297,500/-$0.00

OLE Investment Group/999/46/54 Jabez Street/East/2015/$92,900/-$0.00

OLE Investment Group/999/46/54 Jabez Street/East/2016/$92,900/-$0.00

OLE Investment Group/999/46/54 Jabez Street/East/2017/$92,900/-$0.00

OLE Investment Group/999/46/54 Jabez Street/East/2018/$92,900/-$0.00

OLE Investment Group/999/46/54 Jabez Street/East/2019/$92,900/-$0.00

OLE Investment Group/999/46/54 Jabez Street/East/2020/$92,900/-$0.00

OLE Investment Group/999/47/52 Jabez Street/East/2015/$62,000/-$0.00

OLE Investment Group/999/47/52 Jabez Street/East/2016/$62,000/-$0.00

OLE Investment Group/999/47/52 Jabez Street/East/2017/$62,000/-$0.00

OLE Investment Group/999/47/52 Jabez Street/East/2018/$62,000/-$0.00

OLE Investment Group/999/47/52 Jabez Street/East/2019/$62,000/-$0.00

OLE Investment Group/999/47/52 Jabez Street/East/2020/$62,000/-$0.00

REX Properties, LLC/1096/45/15-21 Ferdon Street/East/2013/$410,000/-$0.00

REX Properties, LLC/1096/45/15-21 Ferdon Street/East/2014/$410,000/-$0.00

REX Properties, LLC/1096/45/15-21 Ferdon Street/East/2015/$410,000/-$0.00

REX Properties, LLC/1096/45/15-21 Ferdon Street/East/2016/$410,000/-$0.00

REX Properties, LLC/1096/45/15-21 Ferdon Street/East/2017/$410,000/-$0.00

REX Properties, LLC/1096/45/15-21 Ferdon Street/East/2018/$310,000/-$3,693.00

1178/38/215-225 Vanderpool Street/East/2013/$347,900/-$0.00

1178/38/215-225 Vanderpool Street/East/2014/$245,400/-$3,178.53

1178/38/215-225 Vanderpool Street/East/2015/$245,400/-$3,391.73

1178/38/215-225 Vanderpool Street/East/2016/$245,400/-$3,526.00

1178/38/215-225 Vanderpool Street/East/2017/$245,400/-$3,649.00

1178/38/215-225 Vanderpool Street/East/2018/$245,400/-$3,785.33

1178/38/215-225 Vanderpool Street/East/2019/$245,400/-$3,855.03

1178/66/227-229 Vanderpool Street/East/2013/$204,600/-$0.00

1178/66/227-229 Vanderpool Street/East/2014/$204,600/-$0.00

1178/66/227-229 Vanderpool Street/East/2015/$204,600/-$0.00

1178/66/227-229 Vanderpool Street/East/2016/$204,600/-$0.00

1178/66/227-229 Vanderpool Street/East/2017/$204,600/-$0.00

1178/66/227-229 Vanderpool Street/East/2018/$204,600/-$0.00

1178/66/227-229 Vanderpool Street/East/2019/$204,600/-$0.00

1178/71/209-213 Vanderpool Street/East/2015/$325,000/-$827.25

1178/71/209-213 Vanderpool Street/East/2016/$325,000/-$860.00

1178/71/209-213 Vanderpool Street/East/2017/$325,000/-$890.00

1178/71/209-213 Vanderpool Street/East/2018/$325,000/-$923.25

1183.01/11.46/89 Sumo Village Court/East/2012/$298,700/-$3,452.00

143-145 Astor St Holdings, LLC/1191/1.02/143-145 Astor Street/East/2019/$300,000/-$1,542.01

WEB Investments, LLC/1815/25.03/263-265 South 11th Street/West/2018/$120,000/-$3,741.01

WEB Investments, LLC/1815/25.03/263-265 South 11th Street/West/2019/$221,300/-$0.00

1815/76/260 South 12th Street/West/2018/$209,700/-$1,107.90

1815/76/260 South 12th Street/West/2019/$209,700/-$1,128.30

S4 Ventures, LLC/1825/11/159 South 11th Street/West/2017/$176,300/-$890.00

287 Sussex Avenue, LLC/1884/32/287 Sussex Avenue/Central/2016/$240,000/-$970.08

New Community Sussex, LP/1888/35(36,37,38)/351-357 Sussex Avenue/West/2018/$2,000,000/-$36,124.93

New Community Sussex, LP/1888/35(36,37,38)/351-357 Sussex Avenue/West/2019/$2,000,000/-$36,790.10

30 No. 15th Street Associates/1901.03/2/24-28 North 14th Street/West/2017/$225,900/-$3,499.48

30 No. 15th Street Associates/1901.03/2/24-28 North 14th Street/West/2018/$225,900/-$3,630.22

Ranafi, LLC/1930/1/266-268 Park Avenue/Central/2017/$339,000/-$1,342.12

Ranafi, LLC/1930/1/266-268 Park Avenue/Central/2018/$339,000/-$1,392.26

Ranafi, LLC/1930/1/266-268 Park Avenue/Central/2019/$339,000/-$1,417.90

Ranafi, LLC/1930/1/266-268 Park Avenue/Central/2020/$339,000/-$1,432.60

Ranafi, LLC/1930/64/270-272 Park Avenue/Central/2017/$111,000/-$356.00

Ranafi, LLC/1930/64/270-272 Park Avenue/Central/2018/$111,000/-$369.30

Ranafi, LLC/1930/64/270-272 Park Avenue/Central/2019/$111,000/-$376.10

Ranafi, LLC/1930/64/270-272 Park Avenue/Central/2020/$111,000/-$380.00

Donsai Enterprises, LLC/1936/43/271-273 Roseville Avenue/West/2018/$78,800/-$0.00

Donsai Enterprises, LLC/1936/47/275-281 Roseville Avenue/West/2018/$561,000/-$3,693.00

Donsai Enterprises, LLC/1936/47/275-281 Roseville Avenue/West/2019/$561,000/-$3,761.00

Hertega, LLC/1953/22/472-474 5th Street/North/2020/$300,000/-$1,250.20

Lebal Investments/2009/15/65-71 Chambers Street/East/2018/$575,000/-$1,772.64

Lebal Investments/2009/15/65-71 Chambers Street/East/2019/$575,000/-$1,805.28

2071/25/141 Magazine Street/East/2020/$350,000/-$3,750.60

2403/20/654-664 Ferry Street/East/2017/$500,000/-$6,009.28

2403/20/654-664 Ferry Street/East/2018/$500,000/-$6,233.78

2403/20/654-664 Ferry Street/East/2019/$500,000/-$6,348.57

2403/20/654-664 Ferry Street/East/2020/$500,000/-$6,414.40

2403/25/22-28 Foundry Street/East/2017/$500,700/-$0.00

2403/25/22-28 Foundry Street/East/2018/$500,700/-$0.00

2403/25/22-28 Foundry Street/East/2019/$500,700/-$0.00

2403/25/22-28 Foundry Street/East/2020/$500,700/-$0.00

2477/1/123-127 Fleming Avenue/East/2016/$500,000/-$1,186.80

Hubure Realty, Co/2497/82/28-44 Mercer Street/Central/2019/$1,001,000/-$13,543.36

Newark Apple Land, LLC/2601/7.02/361-383 Springfield Avenue/Central/2019/$1,499,800/-$0.00

Newark Apple Land, LLC/2601/7.02/361-383 Springfield Avenue/Central/2020/$1,300,000/-$7,592.40

Newark Apple Land, LLC/2601/7.02/361-383 Springfield Avenue/Central/2021/$1,300,000/-$7,460.53

21 23 Rose Terr., LLC/2624/7.03/21-23 Rose Terrace/South/2016/$280,000/-$471.28

LM Supermarket, LLC/2631/27/375-377 Avon Avenue/South/2020/$375,000/-$3,800.00

Urban Property and D/2647/18.02/807 South 14th Street/West/2018/$240,000/-$435.77

Urban Property and D/2647/18.02/807 South 14th Street/West/2019/$240,000/-$443.80

Urban Property Dev A/2647/18.03/809 South 14th Street/West/2018/$240,000/-$705.36

Urban Property Dev A/2647/18.03/809 South 14th Street/West/2019/$240,000/-$718.35

MOH Capital 1, LLC/2702/13/486 Irvine Turner Boulevard/South/2018/$140,000/-$1,503.05

MOH Capital 1, LLC/2702/13/486 Irvine Turner Boulevard/South/2019/$180,700/-$0.00

257 Elizabeth, LLC/2726/13/255-263 Elizabeth Avenue/South/2013/$521,900/-$0.00

257 Elizabeth, LLC/2726/13/255-263 Elizabeth Avenue/South/2014/$521,900/-$0.00

257 Elizabeth, LLC/2726/13/255-263 Elizabeth Avenue/South/2015/$465,000/-$1,882.82

257 Elizabeth, LLC/2726/13/255-263 Elizabeth Avenue/South/2016/$465,000/-$1,957.36

257 Elizabeth, LLC/2726/13/255-263 Elizabeth Avenue/South/2017/$400,000/-$4,339.64

257 Elizabeth, LLC/2726/13/255-263 Elizabeth Avenue/South/2018/$400,000/-$4,501.77

Costa & Costa Realty, LLC/2780/8/122-124 Frelinghuysen Avenue/South/2018/$475,000/-$3,877.65

Costa & Costa Realty, LLC/2780/8/122-124 Frelinghuysen Avenue/South/2019/$475,000/-$3,949.05

494 Hawthorne, LLC/3066/5/494-496 Hawthorne Avenue/South/2017/$100,000/-$890.00

494 Hawthorne, LLC/3066/5/494-496 Hawthorne Avenue/South/2018/$100,000/-$923.25

494 Hawthorne, LLC/3066/5/494-496 Hawthorne Avenue/South/2019/$100,000/-$940.25

494 Hawthorne, LLC/3066/5/494-496 Hawthorne Avenue/South/2020/$100,000/-$950.00

494 Hawthorne, LLC/3066/5/494-496 Hawthorne Avenue/South/2021/$100,000/-$933.50

JLSG Properties, LLC/3520/42/104-120 East Peddie Street/South/2016/$1,060,000/-$20,426.72

3613/11/18 Schuyler Avenue/South/2017/$200,000/-$2,684.24

3613/11/18 Schuyler Avenue/South/2018/$200,000/-$2,784.52

223-229 Shephard Ave Newark, LLC/3625/17/223-229 Shephard Avenue/South/2018/$715,000/-$923.25

223-229 Shephard Ave Newark, LLC/3625/17/223-229 Shephard Avenue/South/2019/$715,000/-$940.25

Osborne Estates, LLC/3628/8(9)/341-347 Osborne Terrace/South/2016/$990,400/-$0.00

Osborne Estates, LLC/3628/8(9)/341-347 Osborne Terrace/South/2017/$990,400/-$0.00

Osborne Estates, LLC/3628/8(9)/341-347 Osborne Terrace/South/2018/$900,000/-$3,338.47

Osborne Estates, LLC/3628/8(9)/341-347 Osborne Terrace/South/2019/$850,000/-$5,280.44

1080 Bergen Street, LLC/3659/2/1074-1078 Bergen Street/South/2018/$616,000/-$51,602.29

3678/9/C1406/1-9 Pomona Avenue/South/2018/$97,300/-$1,052.51

3678/9/C1406/1-9 Pomona Avenue/South/2019/$97,300/-$1,071.89

East Orange Properties, LLC/3702/22/74 Maple Avenue/South/2017/$119,900/-$890.00

3752/4/32 Evergreen Avenue/South/2018/$115,000/-$3,825.95

3752/4/32 Evergreen Avenue/South/2019/$115,000/-$3,896.40

CGJ Corp./3757/1/907-917 Frelinghuysen Avenue/South/2016/$477,200/-$0.00

CGJ Corp./3757/1/907-917 Frelinghuysen Avenue/South/2017/$477,200/-$0.00

CGJ Corp./3757/1/907-917 Frelinghuysen Avenue/South/2018/$477,200/-$0.00

CGJ Corp./3757/1/907-917 Frelinghuysen Avenue/South/2019/$477,200/-$0.00

CGJ Corp./3757/1/907-917 Frelinghuysen Avenue/South/2020/$477,200/-$0.00

CGJ Corp./3757/31/14-20 Wharton Street/South/2016/$975,000/-$0.00

CGJ Corp./3757/31/14-20 Wharton Street/South/2017/$975,000/-$0.00

CGJ Corp./3757/31/14-20 Wharton Street/South/2018/$726,600/-$9,173.41

CGJ Corp./3757/31/14-20 Wharton Street/South/2019/$726,600/-$9,342.32

CGJ Corp./3757/31/14-20 Wharton Street/South/2020/$726,600/-$9,439.20

CGJ Corp./3757/35/903-905 Frelinghuysen Avenue/South/2016/$101,200/-$0.00

CGJ Corp./3757/35/903-905 Frelinghuysen Avenue/South/2017/$101,200/-$0.00

CGJ Corp./3757/35/903-905 Frelinghuysen Avenue/South/2018/$101,200/-$0.00

CGJ Corp./3757/35/903-905 Frelinghuysen Avenue/South/2019/$101,200/-$0.00

CGJ Corp./3757/35/903-905 Frelinghuysen Avenue/South/2020/$101,200/-$0.00

4042/47/53-55 Carolina Avenue/West/2019/$200,000/-$1,711.26

Cedar Holdings MO, LLC/4209/6(7)/45-47 Cedar Avenue/West/2018/$460,000/-$4,981.86

3878 Partnership, LLC/4246/6(7)/359-363 Grove Street/West/2016/$545,400/-$0.00

3878 Partnership, LLC/4246/6(7)/359-363 Grove Street/West/2017/$545,400/-$0.00

3878 Partnership, LLC/4246/6(7)/359-363 Grove Street/West/2018/$450,000/-$3,523.12

3878 Partnership, LLC/4246/6(7)/359-363 Grove Street/West/2019/$450,000/-$3,587.99

3878 Partnership, LLC/4246/6(7)/359-363 Grove Street/West/2020/$450,000/-$3,625.20

Premier Framing, LLC/5038/68/298-318 Wilson Avenue/East/2013/$969,300/-$0.00

Premier Framing, LLC/5038/68/298-318 Wilson Avenue/East/2014/$969,300/-$0.00

Premier Framing, LLC/5038/68/298-318 Wilson Avenue/East/2015/$925,000/-$1,465.89

Premier Framing, LLC/5038/68/298-318 Wilson Avenue/East/2016/$925,000/-$1,523.92

Premier Framing, LLC/5038/68/298-318 Wilson Avenue/East/2017/$925,000/-$1,577.08

Premier Framing, LLC/5038/68/298-318 Wilson Avenue/East/2018/$925,000/-$1,636.00

Premier Framing, LLC/5038/68/298-318 Wilson Avenue/East/2019/$925,000/-$1,666.12

Wilson Realty Corp./5046/20/480-492 Wilson Avenue/East/2018/$931,300/-$0.00

Wilson Realty Corp./5050.02/1/B01/494-508 Wilson Avenue/East/2018/$125,000/-$4,331.89

Wilson Realty Corp./5050.02/1/B01/494-508 Wilson Avenue/East/2019/$125,000/-$4,411.65

Wilson Realty Corp./5050.02/1/494-508 Wilson Avenue/East/2018/$303,500/-$0.00

Additional Information: 

Total tax credit $1,601,689.87  

body

 

WHEREAS, there are now pending before the Tax Court of New Jersey direct appeals challenging real property assessments and actions to review judgments of the Essex County Board of Taxation with regard to properties listed on the attached Schedule A, November 2021 Credits; and

 

 WHEREAS, after a review of the appraisals of both the City and the taxpayer and an analysis of prior County Board and Tax Court actions as they affect these properties, and after careful consideration of these facts, it is the opinion of the Tax Assessor and the Corporation Counsel, and/or his designee (“Outside Counsel”) that these settlements are in the best interests of the City of Newark.

 

NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:

 

1.                     The City’s Corporation Counsel be and is hereby authorized to enter into and execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A, November 2021 Credits, after receipt of all documents deemed appropriate.

 

2.                     The City Clerk shall serve a copy of this Resolution upon the Tax Assessor, Corporation Counsel and the Director of the Department of Finance.

                     

 

STATEMENT

 

            This Resolution authorizes the Corporation Counsel, and/or his designee, Outside Counsel to enter into and execute a Stipulation of Settlement with regard to Tax Appeals on certain properties set forth in Schedule A, November 2021 Credits.