Active
526-532 Mulberry St
Newark City, 07114
$10,300,000
$314.06 per sqft
Active
32,796 sqft
Commercial
Introducing a rare investment opportunity in the Ironbound Section of Newark. The original Ace Tool & Manufacturing Company located at the corner of Mulberry St & Emmet St. sitting on a 12,850 sqft lot. This beautiful building has been completely rebuilt into this stunning 4 level apartment building w/ a brand new 4th flr addition consisting of 28 custom designed units, (22 two-bedrm 2 bath units w/ 620-797sqft; 5 one-bedrm units w/ 632-652sqft & 1 studio unit w/ 779sqft) for a grand total of 32,796 sqft -50 bedrms & 50 baths. Fully occupied w/ no vacanies! Building has New fire sprinkler system, large elevator, a garbage chute, and laundry facilities on each level that provide additional income. Building has a large gym complete w/ 6 stations, mirror walls & TV. Parking lot consists of 16 parking spaces that brings in additional income. This unique building has 28 luxury apartments each unit includes fire rated entry doors, prewired Fiber Optics, custom built kitchens w/ stainless steel appliances (Microwave, Refrigerator, & dishwasher, stove), quartz countertops, island/peninsula, large child-safety -sound proof windows, intercom system, Central Air & Forced Hot Air. Located near PATH, Train & Bus Station, Newark Airport, major highways, & Universities all within the same city.
3917369
MLSⓇ ID
August 5, 2024
Listed
October 1, 2024
Updated
Map
526-532 Mulberry St
Newark City, 07114
Interior Features
Total Stories
4
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.29 Acres
Lot Features
Corner Lot, Level
Sewer
Public Sewer
Other Property Details
Taxes
$67,104
Tax Frequency
Annually
Garage
Yes
Garage Spaces
16
Parking Total
16
View
No
County
Essex
Water Source
Public
Pool
No
Zoning
Apartments 4C
Courtesy of RE/MAX LIFETIME REALTORS with DYANA LIBORIO, EMANUELA MOREIRA
Listing Contact: 9086882828
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