16-18 Oliver | Newark, NJ 07102
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16-18 Oliver
Newark, NJ 07102
The Lincoln - Proposed 598 unit development · Residential 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 | Residential | Building Size | 507,042 SF |
| Property Subtype | Apartment | Number of Floors | 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 | Residential |
| Property Subtype | Apartment |
| Apartment Style | High Rise |
| Building Class | B |
| Lot Size | 0.89 AC |
| Construction Status | Proposed |
| Building Size | 507,042 SF |
| Number of Floors | 22 |
| Parking Ratio | 0.59/1,000 SF |
| Cross Streets | McCarter Highway |
PROPERTY TAXES
| Parcel Number | 14-00887-0000-00023 | Improvements Assessment | £1,604,283 |
| Land Assessment | £467,309 | Total Assessment | £2,071,592 |
PROPERTY TAXES
Parcel Number
14-00887-0000-00023
Land Assessment
£467,309
Improvements Assessment
£1,604,283
Total Assessment
£2,071,592
zoning
| Zoning Code | RDV (Redevelopment Zone/Opportunity Zone) |
| RDV (Redevelopment Zone/Opportunity Zone) |
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