Properties

Description

PACKAGE DEAL: Brand New Building is being sold with 529-531 Mulberry St., Newark NJ 07114 for the price of $14,000,000 for total 35 units. Introducing a rare investment opportunity in the desirable Ironbound Section of Newark were the going rates for apartments are $2600-$3200 monthly. This beautiful building is being finished with 4 floors of apartments consisting of 19 custom designed units, (14 two-bedrm 2 bath units; 1 two bedrm 2 bath unit w/ private terrace & 4 one-bedrm units). Building has elevator, laundry facilities on each level, terrace with view to NYC, public bathroom,14 Garage enclosed parking spaces that provide additional income. Each unit 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 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, & terrace apt is facing NYC. Located near PATH, Train & Bus Station, Newark Airport, major highways, & Universities all within the same city. All financials please see attached documents.

Features

  • Heating System : 4+ Units
  • Cooling System : Central Air, 4+ Units
  • Roof Deck : Flat
  • Furnished : Laminate
  • Lot Description: Level Lot, Skyline View
  • Tax Assessed Valuation: 296900
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: RE/MAX LIFETIME REALTORS
  • Office MLS ID: 3838
  • Agent ID: 311124
  • Tax: 11068
  • Tax Year: 2023
  • Application Fee: $0
  • Zoning: Apartments

Commercial For Sale

For Sale
$11,500,000

166 Emmet, Newark City, *

  • SQFT 75 Acre
  • Built Year 2024

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5290504
  • Price: $11,500,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 2024
  • Year Built Description: Standing, Under Construction
  • Lot Area: 75 Acre
  • Status: Active
  • Days On Market: 127

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Emmet
  • Street Number: 166
  • Street Direction: McCarter Highway turn onto Emmet St.
  • Floor Number: 0
  • Longitude: W75° 49' 24.7''
  • Latitude: N40° 43' 9.3''
  • Internet Display Address: No
Property