$11,500,000
529-531 Mulberry ST Newark, NJ 07114
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Listed by Dyana Liborio • RE/MAX Lifetime Realtors • (973) 454-5420
$11,500,000
Est. payment /mo
Price Dropped by $2.5M
529-531 Mulberry ST Newark, NJ 07114
UPDATED:
10/27/2024 04:55 AM
Key Details
Property Type Commercial
Sub Type 5+Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24019825
Style 5+Family
Annual Tax Amount $15,869
Property Description
PACKAGE DEAL:New Building sold with 166 Emmet St., Newark NJ 07114 for the price of $14,000,000 total 35 units. A rare investment opportunity in the desirable Ironbound Section of Newark where the going rates for apartments are $2600 to$3200 monthly. This beautiful building is being finished with 4 fls of apartments & 1 Retail space w/ 15 custom designed units, (11 2bdrm 2bth units; 1 1bdrm unit & 3 studio units). Building has elevator, laundry on each level, terrace with view to Newark Business District, public bathroom,8 Garage parking spaces. Each unit has advanced tech door handles, prewired Fiber Optics, custom built kitchens w/ SS appliances (Microwave, Refrigerator, dishwasher,& gas stove), quartz countertops, island/peninsula, large sound proof windows, intercom system, Central Air & Forced Hot Air, & closet space. There are apartments facing NYC. Located near PATH, Train & Bus Station, Newark Airport, major highways, & Universities all within the same city.
Location
State NJ
County Essex
Area Newark
Exterior
Utilities Available Munincipal Water, Sewer
Roof Type Flat
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