This Multifamily Property is no longer advertised on LoopNet.com.
16-18 Oliver
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
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Hi-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
Zoning
RDV - Redevelopment Zone/Opportunity Zone
PROPERTY TAXES
Parcel Number
14-00887-0000-00023
Improvements Assessment
$2,016,900
Land Assessment
$587,500
Total Assessment
$2,604,400
