If you want a new building but, don't want to spend a crazy amount of money and be 5 minutes away from campus:
115 Bruen St, Newark, NJ 07105 | Zillow
This is NOT my listing. Only sharing with the poster.
You can consider the Ironbound section of Newark. It is completely sectioned off from Downtown Newark (the train line and route 21) divides it. It is an immigrant population with some of the best restaurants in the state, mostly a Portuguese and Brazilian neighborhood.