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Newark holding Valentine’s Day land sale for couples

Posted at 9:24 PM, Feb 09, 2015
and last updated 2015-02-09 22:22:08-05

NEWARK, N.J. (PIX11) -- The city of Newark says it is holding a special sale in the spirit of Valentine’s Day: They will be selling land to lots of couples.

There will be 100 lots at $1,000 each. It will be first come, first serve.

The city says the sale is not for for developers or investors. The sale, according to the the city's website, is exclusively for couples who are looking to live in Newark.

According to the city, the buyer must have a commitment letter from a financial institution and/or proof of cash to cover the cost of the infill new construction to close on the property.

Also, according to the city, buyers will be required to make a $500 down payment. Buyers will be required to pay an additional $500 at closing.

The sale, according to the city's website, will be held on Saturday, Feb. 14.

For the city's rules and more information on the sale, you can go to http://www.ci.newark.nj.us/government/mayor/live-newark/.

There is also a map of the lot locations.