Approved Multi-Family Development
For Sale
$600,000
112 Fabyan Pl, Newark, NJ 07112
Fully approved site for a 3-story multi-family building with 11 two-bedroom units and ground-floor parking.
Property SizeContact for details
Days on Market613
Property Features for 112 Fabyan Pl
General Information
Standard status
Active
Total Parking Spaces
11
Property subtype
Land or Vacant Lot
Additional Details
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$4,457
Amenities
lobby
package room
community room
gym
Level Lot
Building Details
Stories
3
Listing Agency:
COMPASS NEW JERSEY, LLC
(973) 315-8180
Listed By:
ERICA TRAVIS
Source:
Corcoran
Added: Dec 17, 2024
Changed: Aug 8
Last Checked: May 10 at 4:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS NEW JERSEY, LLC
Investment Insights
Based on property information with market context.
This fully approved development project provides for a 3-story multi-family building featuring 11 residential two-bedroom units. The plan includes ground-floor parking garage space for 11 cars, along with a ground-floor lobby and package room. Common-area space is carried through the vertical layout with a community room on the second floor and a gym on the third floor. Unit distribution is 1 unit on the first floor, 5 on the second, and 5 on the third.
The property is offered for sale as development land at 112 Fabyan Pl in Newark City, NJ 07112. The public remarks indicate that only water/sewer connection fees and permit fees are required, with construction able to start following those items.
As presented, the project approvals and planned improvements align to support immediate multi-family construction under the specified configuration, including on-site parking, lobby and package area, and shared community spaces.
The property is offered for sale as development land at 112 Fabyan Pl in Newark City, NJ 07112. The public remarks indicate that only water/sewer connection fees and permit fees are required, with construction able to start following those items.
As presented, the project approvals and planned improvements align to support immediate multi-family construction under the specified configuration, including on-site parking, lobby and package area, and shared community spaces.
Key Highlights
- Fully approved project to build a 3‑story multi‑family building
- Plan includes 11 residential 2‑bedroom units
- Ground‑floor parking garage for 11 cars
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
1,532
Businesses Nearby
Explore this area
Business Placement
Demographics for 07112, NJ
29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Fully approved site for a 3-story multi-family building with 11 two-bedroom units and ground-floor parking.
Where is this residential land & home lot located?
The property is located at 112 Fabyan Pl Newark, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Fully approved project to build a 3‑story multi‑family building; Plan includes 11 residential 2‑bedroom units; Ground‑floor parking garage for 11 cars
