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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