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  5. ›THIRD-PARTY ADMINISTRATIVE SERVICES FOR VACANT PROPERTIES…

City of Trenton·New Jersey

THIRD-PARTY ADMINISTRATIVE SERVICES FOR VACANT PROPERTIES SALES PROGRAM FOR THE CITY OF TRENTON

Closes 12/12/2025$200k – $500kRequest for Proposal
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Description

The City of Trenton is seeking a third-party administrator to provide end-to-end administrative services for the disposition of City-owned vacant properties. The selected firm will manage the application process, conduct financial underwriting, and coordinate real estate closings. The goal is to streamline the disposition process, increase efficiency, and support strategic neighborhood redevelopment goals. Key responsibilities include: conducting initial eligibility screening, providing customer service support, maintaining a secure digital database, conducting financial underwriting, and coordinating with City departments. The ideal firm will have at least 5 years of experience in real estate administration, property disposition, or municipal land management, and demonstrate the ability to manage high volumes of applications and closings. • The firm must provide comprehensive services, including customer service support, financial underwriting, and coordination with City departments. • The firm must have adequate staffing, technology systems, and data security protocols to fulfill the scope of services. • The firm must provide evidence of necessary licenses, certifications, or legal authority to conduct real estate-related activities in New Jersey. • The firm must have a proven track record of successfully managing similar projects. • The firm must be able to work effectively with City staff and other stakeholders to ensure the successful implementation of the project.

Attached files

Contact

Isabel C. Garcia(Purchasing Agent)

[email protected]

Key dates

Opened
11/18/2025
Questions due
12/5/2025
Pre-bid meeting
12/12/2025
Closes
12/12/2025
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531310
Solicitation №
RFP2025-37

Budget estimate

$200,000 – $500,000

Based on the scope of work and the fact that the contract is for one year, the budget for this opportunity is likely to be in the range of $200,000 to $500,000. This estimate is based on the assumption that the selected firm will need to manage a significant number of vacant properties and provide comprehensive administrative services, including financial underwriting and coordination with City departments. The actual budget may be higher or lower, depending on the specific requirements of the project and the level of expertise and resources required to deliver the services. Factors that may influence the budget include the number of properties to be managed, the complexity of the financial underwriting and coordination tasks, and the level of staffing and technology required to fulfill the scope of services.

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