Start of property details
526 Mulberry St
Newark City, NJ 07114
FOR
SALE
$10,300,000
Active
16
Garage0.29
Acres9999
Yr. BuiltMLS# 3917369
Cumulative Days on Market: 100
(since
August 6th, 2024)
Data provided by the MLS.
Property Details
Introducing a rare investment opportunity in the Ironbound Section of Newark. The original Ace Tool and Manufacturing Company located at the corner of Mulberry St and Emmet St. sitting on a 12,850 sqft lot. This beautiful building has been completely rebuilt into this stunning 4 level apartment building with a brand new 4th floor addition consisting of 28 custom designed units, (22 two-bedrm 2 bath units with 620-797sqft; 5 one-bedrm units with 632-652sqft and 1 studio unit with 779sqft) for a grand total of 32,796 sqft -50 bedrms and 50 baths. Fully occupied with 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 with 6 stations, mirror walls and 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 with stainless steel appliances (Microwave, Refrigerator, and dishwasher, stove), quartz countertops, island / peninsula, large child-safety -sound proof windows, intercom system, Central Air and Forced Hot Air. Located near PATH, Train and Bus Station, Newark Airport, major highways, and Universities all within the same city.
Property Highlights
Status
For Sale
Price
$ 10,300,000
Property Type
Commercial
Acres
0.29
Year Built
9999
Location
Heating, Cooling & Utilities
Water
Public Water
Sewer
Public Sewer
Building Details
Garage Spaces
16
Outdoor Features
Brick/Block
Roofing
Flat
Taxes & Terms
Taxes
$67,104
Financing
Fee Simple
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Property History
Today
Property information last updated
100 days ago
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: 100.
Data provided by the MLS.
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