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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
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

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)
  • Listing ID: 30541463

  • Date on Market: 05/01/2024

  • Last Updated:

  • Address: 16-18 Oliver, Newark, NJ 07102

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