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73 Academy St
Newark, NJ 07102
Multifamily Property For Sale · 9 Units
PROPERTY FACTS
| No. Units | 9 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 11,322 SF |
| Property Subtype | No. Stories | 3 | |
| Apartment Style | Low Rise | Year Built/Renovated | 1941/2023 |
| Building Class | C |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 11,322 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1941/2023 |
About 73 Academy St , Newark, NJ 07102
The property consist of a historic bldg & back bldg for a total of 4,496sf. The plans approved consist of a 6,826sf/4story addition for a total of 11,322sf. The new property conversion will offer 8 units residential apt bldg, 6 2BR, 2 1BR apt with a rooftop terrace and a 1288sf commercial space on the ground level. Please note this project doesn't involve demolition of any building. The 3story bldg on 73 Academy must remain as it is considered Historic. The property expands the entire block offering entrances from Academy St & Raymond Blvd. This subject property is conveniently located in a redevelopment zone & next door to Newark's Washington Street light rail station, across the street from the Prudential building & within a mile of Newark's Penn Station, also within half mile from Rutgers Newark Campus, NJTI Campus, Prudential Center & University Hospital. This opportunity doesn't get any better at 9 total units w/ full approvals in a developing neighborhood of Newark.
PROPERTY TAXES
| Parcel Number | 14-00069-0000-00002 | Improvements Assessment | $251,900 |
| Land Assessment | $228,100 | Total Assessment | $480,000 |
PROPERTY TAXES
zoning
| Zoning Code | Downtown Redevelopment (Located in the Living Downtown Redevelopment Zone, as well as a designated Urban Enterprise Zone UEZ.) |
| Downtown Redevelopment (Located in the Living Downtown Redevelopment Zone, as well as a designated Urban Enterprise Zone UEZ.) |
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