Borough of Riverdale AgendaPacket Regular Council Meeting 2026-05-27
KNJ1 LLC Secures $192k Two-Year Borough Parking Lease
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Description
Riverdale Borough awarded a two-year lease for 83 Newark Pompton Turnpike parking lot to KNJ1, LLC for $8,000 per month, totaling $192,000 over the term. Lease runs from June 2026 through May 2028.
Contract Details
Contract Amount
$8,000/month for 24 months (total $192,000)
Vendor
KNJ1 LLC
Agency
Borough of Riverdale, NJ
Contract Type
LEASE
Document Date
May 27, 2026
Contract Term
June 1, 2026 – May 31, 2028
Renewal Date
2028-05-31
Renewal Info
Lease term is two years, expiring May 31, 2028. Renewal subject to new agreement or re-bid.
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Borough of Riverdale AgendaPacket Regular Council Meeting 2026-05-27
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