$11,500,000
529 Mulberry St Newark City, NJ 07114
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$11,500,000
Est. payment /mo
12,760 SqFt
Price Dropped by $2.5M
529 Mulberry St Newark City, NJ 07114
UPDATED:
10/11/2024 03:25 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 12,760 sqft
Price per Sqft $901
MLS Listing ID 3906263
Year Built 2024
Annual Tax Amount $7,456
Tax Year 2023
Lot Size 4,791 Sqft
Property Description
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.
Location
State NJ
County Essex
Zoning Apartments
Interior
Heating Gas-Natural
Cooling 4+ Units, Central Air
Flooring Laminate
Equipment Appliances, Fire Alarm, Handicapped Access, Intercom, Passenger Elevator(s), Restrooms - Public, Security System, Sprinkler System
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Electric, Gas-Natural
Roof Type Flat
Building
Lot Description Corner, Level Lot
Story 5
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by RE/MAX LIFETIME REALTORS
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