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526 Mulberry St

Newark City, NJ 07114
  • $10,300,000
  • STATUS: Active
  • ON SITE: 124 Days
  • ID#: 3917369
UPDATED: 75 min ago
$10,300,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 32,796
    SQFT
  • $314
    $/SQFT
Type:
Commercial
County:
Area:

School Ratings & Info

Description

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.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-08T21:46:17.847.
www.daunnorealty.com/homes/153361682
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526 Mulberry St Newark City, NJ 07114

  • Price: $10,300,000
  • Status: Active
  • On Site: 124 Days
  • Updated: 75 min ago
  • ID#: 3917369
0
Beds
0
Baths
0
½ Baths
0.29
Acres
32,796
SQFT
$314
$/SQFT
County:
Essex
Area:
Newark City
Property Description
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.
Exterior Features

Approximate Lot Size 12500SF 100X125 Construction Brick/Block Exterior Description Brick/Block Location CornerResidential Area Lot Description CornerLevel Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description AssignedBlacktopParking Lot-Exclusive Roof Description Flat

Interior Features

Basement Yes Basement Description Finished-PartiallyFull Cooling 4+ UnitsCentral Air Equipment Available AppliancesFire AlarmHandicapped AccessIntercomPassenger Elevator(s)Security SystemSmoke DetectorSprinkler System Heating 4+ Units Max Ceiling Height 102 Max Door Height 0 Number Of Lavatories 50 Office Sq Ft 210

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 808320 Primary Property Type Apartment Complex Property Type Apartment Complex Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 67104 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2023 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Renovated Zoning Apartments 4C

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Re/Max Lifetime Realtors: 908-688-2828.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-12-08T21:46:17.847.
 
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Daunno Realty Services, LLC
206 Westfield Avenue
Clark NJ, 07066