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Patric Santo Pietro

[email protected] +1(732) 570-5442

$ 11,500,000

Est. payment -/mo

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Price Dropped by $2.5M

166 Emmet Newark City, NJ 07114

15,869 SqFt

UPDATED:

10/11/2024 03:26 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,869 sqft

Price per Sqft $724

MLS Listing ID 3906266

Year Built 2024

Annual Tax Amount $11,068

Tax Year 2023

Lot Size 7,405 Sqft

Property Description

PACKAGE DEAL: Brand New Building is being sold with 529-531 Mulberry St., Newark NJ 07114 for the price of $14,000,000 for total 35 units. Introducing a rare investment opportunity in the desirable Ironbound Section of Newark were the going rates for apartments are $2600-$3200 monthly. This beautiful building is being finished with 4 floors of apartments consisting of 19 custom designed units, (14 two-bedrm 2 bath units; 1 two bedrm 2 bath unit w/ private terrace & 4 one-bedrm units). Building has elevator, laundry facilities on each level, terrace with view to NYC, public bathroom,14 Garage enclosed parking spaces that provide additional income. Each unit 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 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, & terrace apt is facing NYC. Located near PATH, Train & Bus Station, Newark Airport, major highways, & Universities all within the same city. All financials please see attached documents.

Location

State NJ

County Essex

Zoning Apartments

Interior

Heating Gas-Natural

Cooling 4+ Units, Central Air

Flooring Laminate

Equipment Appliances, Fire Alarm, Handicapped Access, Intercom, Passenger Elevator(s), Security System, Smoke Detector, Sprinkler System

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block

Utilities Available Electric, Gas-Natural

Roof Type Flat

Parking Type Assigned, See Remarks

Building

Lot Description Level Lot, Skyline View

Story 5

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by RE/MAX LIFETIME REALTORS

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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Patric Santo Pietro

Patric Santo Pietro

166 Emmet Newark City, NJ 07114

Key Details

Location

Interior

Exterior

Building

Others

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166 Emmet