Non-Performing Loan Sale

Details

Non-Performing Loan Sale:

Rosewood Realty is proud to offer the following development site located at 892-900 Broad St, Newark, NJ. This prime corner location is in extremely close proximity to the Prudential Center and is directly across from City Hall.

The site was bought in foreclosure by the lender in May of 2022 after the borrower defaulted in 2019. The previously approved plans for the site consist of a 35-story high-rise luxury building with 522 units, approximately 52,000 Sf of commercial space and 12,500 of basement space. Plans can be viewed upon request and would need to be resubmitted for approval by the new owner.