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529 Mulberry St

Newark City, NJ 07114
  • $11,500,000
  • STATUS: Active
  • ON SITE: 188 Days
  • MLS #: 3906263
UPDATED: 68 min ago
$11,500,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,760
    SQFT
  • $901
    $/SQFT
Type:
Commercial
Built:
2024
County:
Area:

School Ratings & Info

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.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Tejada Real Estate Partners | RE/MAX Select. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Tejada Real Estate Partners | RE/MAX Select are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-12T11:46:51.28.
www.ilovenewjerseyrealestate.com/homes/151407583
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529 Mulberry St Newark City, NJ 07114

  • Price: $11,500,000
  • Status: Active
  • On Site: 188 Days
  • Updated: 68 min ago
  • MLS #: 3906263
0
Beds
0
Baths
0
½ Baths
0.11
Acres
12,760
SQFT
$901
$/SQFT
2024
Built
County:
Essex
Area:
Newark City
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.
Exterior Features

Approximate Lot Size 50X100 Construction Brick/Block Exterior Description Brick/Block Location CornerResidential Area Lot Description CornerLevel Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description AssignedSee Remarks Roof Description Flat

Interior Features

Basement No Cooling 4+ UnitsCentral Air Equipment Available AppliancesFire AlarmHandicapped AccessIntercomPassenger Elevator(s)Restrooms - PublicSecurity SystemSprinkler System Floors Laminate Heating 4+ Units Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 28 Office Sq Ft 0

Property Features

Expenses Include ElectricityInsuranceProperty ManagementSee RemarksSnow RemovalTaxesTrashWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Primary Property Type Apartment Complex Property Type Apartment ComplexMixed Use Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 7456 Tax Rate Amount 3.728 Tax Rate Year 2023 Tax Year 2023 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description StandingUnder Construction Zoning Apartments

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Re/Max Lifetime Realtors: 908-688-2828.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Tejada Real Estate Partners | RE/MAX Select. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Tejada Real Estate Partners | RE/MAX Select are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-12T11:46:51.28.
 
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Tejada Real Estate Partners | RE/MAX Select
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Montclair NJ, 07042