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PACKAGE DEAL: Brand New Building is being sold with 166-168 Emmet St., Newark NJ 07114 for the total price of $14,000,000 total 35 Units. Introducing a rare investment opportunity in the Ironbound Section of Newark with apartment rental prices $2600-$3200. This beautiful building is being finished with 4 floors of apartments and 1 retail store; consisting of 15 custom luxury designed units, (11 two-bedrm 2 bath units; 1 one-bedrm unit w/ & 3 studio units) and 1 ground floor retail space of 360Sqft -total of 23 bedrms & 28 baths. Building has elevator, laundry facilities on each level, parking consists of 8 Garage enclosed parking spaces that provide additional income. Building has a outdoor terrace facing the Business District of Newark with a half bathroom for all tenants to enjoy. This unique building includes fire rated entry doors with advanced technological door handles, prewired Fiber Optics, custom built kitchens w/ stainless steel appliances (Microwave, Refrigerator, dishwasher,& gas stove), quartz countertops, island/peninsula, large child-safety -sound proof windows, intercom system, Central Air & Forced Hot Air and tons of closet space. There are apartments facing NYC with the view of the NYC SkyLine. Located near PATH, Train & Bus Station, Newark Airport, major highways, & Universities all within the same city. All financials please see attached documents.

PROPERTY FEATURES

Number of Units : 16 Number 1 Bedroom Units : 1 Number 2 Bedroom Units : 11 Number Units w/Full Bath : 3 Number Units w/Half Bath : 1
Utilities : Electric, Gas-Natural Services : Fiber Optic, Garbage Included, Prewired for Internet Equipment Available : Appliances, Fire Alarm, Handicapped Access, Intercom, Passenger Elevator(s), Restrooms - Public, Security System, Sprinkler System Water : Public Water Sewer : Public Sewer
Number of Parking Spaces : Assigned, See Remarks
Exterior Description : Brick Lot Description : Corner, Level Lot
Lot Size : 50X100 S.F SQFT Available : 12760 S.F Building Area : 12760 S.F Acres : 0.11 Zoning : Apartments
Cooling : 4 Units, Central Air Heating : 4 Units Fuel Type : Gas-Natural
Construction : Brick/Block Construction Date/Year Built Description : Standing, Under Construction Roof Description : Flat Flooring : Laminate

PROPERTY DETAILS

Street Address: 529 Mulberry St
City: Newark
State: New Jersey
Postal Code: 07114
County: Essex
MLS Number: 3906263
Year Built: 2024
Courtesy of RE/MAX LIFETIME REALTORS

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