Active

529 Mulberry St

Newark City NJ, 07114

$11,500,000


$901.25 per sqft

Active

12,760 sqft

Commercial

Built in 2024

PACKAGE DEAL: Brand New Building is being sold with 166-168 Emmet St., Newark NJ 07114 for the total price of $14,000,000 total 35 Units. Introducing a rare investment opportunity in the Ironbound Section of Newark with apartment rental prices $2600-$3200. This beautiful building is being finished with 4 floors of apartments and 1 retail store; consisting of 15 custom luxury designed units, (11 two-bedrm 2 bath units; 1 one-bedrm unit w/ & 3 studio units) and 1 ground floor retail space of 360Sqft -total of 23 bedrms & 28 baths. Building has elevator, laundry facilities on each level, parking consists of 8 Garage enclosed parking spaces that provide additional income. Building has a outdoor terrace facing the Business District of Newark with a half bathroom for all tenants to enjoy. This unique building includes fire rated entry doors with advanced technological door handles, prewired Fiber Optics, custom built kitchens w/ stainless steel appliances (Microwave, Refrigerator, dishwasher,& gas stove), quartz countertops, island/peninsula, large child-safety -sound proof windows, intercom system, Central Air & Forced Hot Air and tons of closet space. There are apartments facing NYC with the view of the NYC SkyLine. Located near PATH, Train & Bus Station, Newark Airport, major highways, & Universities all within the same city. All financials please see attached documents.

3906263

MLS ID

June 6, 2024

Listed

October 12, 2024

Updated

Map

529 Mulberry St
Newark City NJ, 07114

Interior Features

Total Stories

5


Interior Features

Laminate


Floor Description

Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.11 Acres


Lot Features

Corner Lot, Level


Sewer

Public Sewer

Other Property Details

Taxes

$7,456


Tax Frequency

Annually


Days on Market

127


Garage

Yes


Garage Spaces

8


Parking Total

8


View

No


County

Essex


Water Source

Public


Pool

No


Zoning

Apartments

Listing History

Date

Event

Price

10/12/2024

Price change

$11,500,000

-18%

Courtesy of RE/MAX LIFETIME REALTORS with DYANA LIBORIO, EMANUELA MOREIRA
Listing Contact: 9086882828 

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