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NEWARK, NJ 07114

$11,750,000

N/A

N/A

Commercial

Overview

This fully occupied, rebuilt four-level apartment building in Newark's Ironbound Section offers 28 luxury units with modern amenities, additional income from laundry facilities and parking, and convenient access to transportation and universities.

Property Features

  • Property Type: Commercial

  • Sub Type: 5+Family

  • Listing Status: Active

  • Purchase Type: For Sale

  • MLS Listing ID: 23026460

  • Style: 5+Family

  • Annual Tax Amount: $43,633

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 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 ; 5 one-bedrm units & 1 studio unit) for a grand total of -50 bedrms & 50 baths. Fully occupied w/ no vacancies!

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 & 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 appliances (Microwave, Refrigerator, & dishwasher, stove), quartz countertops. Close to Path, train & bus station, Newark airport & universities.


526-532 Mulberry ST Newark, NJ 07114

Location

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