73 Academy St
Newark City, NJ 07102

Premier Villa Group at Keller Williams is proud to bring this approved development project to the market. The property currently consist of a historic building and back building for a total of 4,496 sq ft. The plans approved consist of a 6,826 sq ft/4 story addition for a total of 11,322 sq ft. The new property conversion will offer an 9 unit residential apartment building (6) 2 BR ,(2) 1 BR apt with a rooftop terrace and a 1288 sq ft commercial space on the ground level . Please note this project does not involved the demolition of any buildings. The 3 story building on 73 Academy must remain as it is considered Historic. The property expands the entire block offering entrances from Academy Street and Raymond Boulevard. This subject property is conveniently located in a redevelopment zone and it is next door to Newark's Washington Street light rail station, across the street from the Prudential building, and with in a mile of Newark's Penn Station. The property is also with in a half a mile from Rutgers Newark Campus, NJTI Campus, Prudential Center, and University Hospital. This opportunity doesn't get any better offering 9 total units with full approvals in a developing neighborhood of Newark. See attached plans in documents.