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Patric Santo Pietro

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

$ 10,300,000

Est. payment -/mo

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526-532 Mulberry St Newark City, NJ 07114

32,796 SqFt

UPDATED:

08/05/2024 10:16 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 32,796 sqft

Price per Sqft $314

MLS Listing ID 3917369

Annual Tax Amount $67,104

Tax Year 2023

Lot Size 0.290 Acres

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.

Location

State NJ

County Essex

Zoning Apartments 4C

Rooms

Basement Finished-Partially, Full

Interior

Heating Gas-Natural

Cooling 4+ Units, Central Air

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, Blacktop, Parking Lot-Exclusive

Building

Lot Description Corner, Level Lot

Story 4

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

526-532 Mulberry St Newark City, NJ 07114

Key Details

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Rooms

Interior

Exterior

Building

Others

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526-532 Mulberry St