16-18 Oliver | Newark, NJ 07102
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16-18 Oliver
Newark, NJ 07102
The Lincoln - Proposed 598 unit development · Multifamily Property For Sale · 598 Units
Investment Highlights
- 22 Story mixed use building in Downtown Newark/ 598 residential, 2 commercial units
- Located in Lincoln Park Redevelopment zone which has NO maximum height limits
- Just blocks from Newark Penn Station, Prudential Center
- Residential unit mix includes studio, One, Two and Three bedroom units
- Opportunity Zone provides investor/developer with tax incentives
- Project eligible for PILOT program and (potentially) Aspire Tax Credit
PROPERTY FACTS
| No. Units | 598 | Construction Status | Proposed |
| Property Type | Multifamily | Building Size | 507,042 SF |
| Property Subtype | Apartment | No. Stories | 22 |
| Apartment Style | High Rise | Parking Ratio | 0.59/1,000 SF |
| Building Class | B | Cross Streets | McCarter Highway |
| Lot Size | 0.89 AC |
| No. Units | 598 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | High Rise |
| Building Class | B |
| Lot Size | 0.89 AC |
| Construction Status | Proposed |
| Building Size | 507,042 SF |
| No. Stories | 22 |
| Parking Ratio | 0.59/1,000 SF |
| Cross Streets | McCarter Highway |
PROPERTY TAXES
| Parcel Number | 14-00887-0000-00023 | Improvements Assessment | $2,016,900 |
| Land Assessment | $587,500 | Total Assessment | $2,604,400 |
PROPERTY TAXES
Parcel Number
14-00887-0000-00023
Land Assessment
$587,500
Improvements Assessment
$2,016,900
Total Assessment
$2,604,400
zoning
| Zoning Code | RDV (Redevelopment Zone/Opportunity Zone) |
| RDV (Redevelopment Zone/Opportunity Zone) |
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