RFP No. 25-S-006 - PROPERTY MANAGEMENT SERVICES
Agency:New Jersey Newark Housing Authority
State:New Jersey
NAICS Code:531311
Industry:Real Estate
Solicitation Type:Request for Proposal
Solicitation ID:25-S-006
6/27/2025
Pre-Bid Meeting Date:7/10/2025
Site Visit Date:7/23/2025
Questions Due Date:7/30/2025
Close Date:8/12/2025
Last Updated:7/15/2025
Please visit the bid source via the “Link to Bid Source” button below for documentation.
Tabindra Kamal
tkamal@newarkha.org
(973) 273-6434
$4,650,000 – $9,300,000
The budget for this opportunity can be estimated based on the average annual revenue of the properties. According to the attachment VI, the total revenue for all groups is around $93 million. Assuming a 5-10% management fee, the budget for the selected property management firm could be around $4.65 million to $9.3 million per year. However, this is a rough estimate and the actual budget may vary depending on the specific terms of the contract and the performance of the firm.
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