438 Market St
Property Description
This 2.498-acre assemblage comprises 13 contiguous lots in the heart of Newark’s Ironbound District, featuring a rare combination of three zoning designations under the Newark River Redevelopment Plan: C-2, MX-3, and MU-2. This zoning mix permits a 5-story building along Ferry Street (C-2) and up to 12 stories across the remainder of the site. Ownership has prepared conceptual plans for a 12-story mixed-use development delivering: • 1,266 residential apartments • 83,294 SF of ground-floor retail • 244 structured underground parking spaces A six-story version using the same floorplate yields approximately 630 residential units, providing scalable options to meet market demand.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 1500 |
| Lot Size: | 2.50 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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