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

November 22, 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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