16-Unit Building Proposed for Recently Sold Property in Newark’s Ironbound Section

71 73 Delancy Street Newark Development
71-73 Delancy Street, Newark. Image via Google Maps/Street View.

Plans by the new owner of a property in Newark’s East Ward to construct a development with more than a dozen units will soon be up for approval.

Delancy Capital Group, LLC is scheduled to go before the Newark Zoning Board of Adjustment (ZBA) during a virtual meeting on Thursday, November 5 to seek variances such as use and density for a five-story project at 71-73 Delancy Street, according to a public notice. The proposed building between Jefferson Street and Adams Street would consist of 16 residential units, the notice states.

Located a mile from Newark Penn Station, this section of the Ironbound continues to have both a residential and an industrial presence. This property is situated roughly half a mile away from Independence Park and East Side High School. Over the years, the tract has included a two-story building and an undeveloped lot.

Sales records show that Delancy Capital Group, LLC acquired 71-73 Delancy Street in February for $550,000. The notice associated the company with an address in East Orange that is also used by Parkway Management.

The ZBA’s meeting on November 5 is expected to begin over Zoom at 6:00 p.m.

Note to readers: The dates that applications are scheduled to be heard by the Newark Zoning Board of Adjustment and other commissions are subject to change.



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