514-516 South 15th Street, Newark, NJ 07103

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Property details

514-516 South 15th Street, Newark, NJ 07103

Development Opportunity

Asking $350,000
Building Features
  • Block/Lot: 332/41
  • Approved: 12 units
  • Lot Size: 5,237 sq ft
  • Lot coverage: 2,884 sq ft (55%)
  • Building sq ft: 10,824 sq ft
  • Stories: 4
  • Units sq ft: 558-812 sq ft
  • Zoning: Springfield Redevelopment
Property Highlights

We are pleased to present this development opportunity for sale. The property consists of 5,237 sq ft of level and paved lot, environmentally clear for a residential project. The Owner will deliver site plan approval for a 12 unit apartment building, with a footprint of 55% (2,884 Sq ft) in a 4 story dwelling, the buildings total sq ft will be 10,824 SQ FT, consisting of all (1) BR units ranging from 558 to 812 sq ft. The property is located within the Springfield Redevelopment plan. 1/2 Block from West Side Park and public transportation, 2 miles to NJIT, 2.2 miles to Downtown Newark and 3 miles to Seton Hall University.