$14,000,000
Off Market

529-531 Mulberry Street

Newark, NJ 07114
Type:Purchase
Structure:5+ Family
Zone:Residential

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.

  • Construction Details
      • Property TypePurchase
      • Style5+Family
      • SubstyleOther
    • Condition
      • Year BuiltNew Construction-New Foundation, 2020's
  • Community and Neighborhood Details
      • CountyESSEX
  • Financial Details
      • Taxes Annual$15,869
  • Other
      • MLS #24019825

Location

Keepsake Commercial RealtyReal Estate Group