Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Private Sale/Redevelopment
Purpose: Rehabilitate the properties to provide religious and community services and add two (2) additional floors for a learning facility within ten (10) years
Entity Name: Masjid Rahmah, Inc.
Entity Address: 657 Dr. Martin Luther King, Jr. Boulevard, Newark, New Jersey 07102
Sale Amount: $177,000.00
Cost Basis: ( ) $ PSF ( ) Negotiated ( ) N/A (X) Other: Proposal
Assessed Amount: $1,169,800.00
Appraised Amount: $0.00
Contract Period: To be commenced within three (3) months and be completed within eighteen (18) months from the transfer of ownership by the City.
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions (X) RFP ( ) RFQ
(X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
(Address/Block/Lot/Ward)
483 Washington Street/Block 121/Lot 36/Central Ward
485 Washington Street/Block 121/Lot 37/Central Ward
487 Washington Street/Block 121/Lot 38/Central Ward
489-491 Washington Street/Block 121/Lot 39/Central Ward
Additional Information:
Respondent to Rolling Sale RFP
body
WHEREAS, the purpose of this resolution is to approve the sale and redevelopment and/or rehabilitation, as may be applicable, of the following City-owned properties located in the Central Ward of the City of Newark:
ADDRESS WARD BLOCK LOT SIZE SQ. FEET
483 Washington St. Central 121 36 18X80 1,440.
485 Washington St. Central 121 37 18X100 1,800.
487 Washington St. Central 121 38 30X100 3,000.
489-491 Washington St. Central 121 39 30X100 3,000.
Total Square Footage: 9,240.
Total Purchase Price: $177,00...
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