Homes for sale - 529 Mulberry St, Newark City, NJ 07114

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Jeffrey Lee

cnjhometeam@gmail.com +1(732) 991-0315

$11,500,000

Est. payment - /mo

12,760 SqFt

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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

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Listed by RE/MAX LIFETIME REALTORS

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Jeffrey Lee

+1(732) 991-0315

Broker Associate - Team Leader | License ID: 0683786

Broker Associate - Team Leader License ID: 0683786

529 Mulberry St Newark City, NJ 07114

Jeffrey Lee

Jeffrey Lee

Key Details

Location

Interior

Exterior

Building

Others

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529 Mulberry St