529-531 Mulberry StNewark, NJ 07114

Property Details for 529-531 Mulberry St

Year built

2024

Property size (Sq ft)

28,629 SF

Property type

Mixed-use properties

Property subtype

Multifamily properties

Description

Exceptional investment opportunity: Two brand-new, five-story apartment buildings totaling 35 units in Newark, NJ's vibrant Ironbound section. This package deal comprises 529-531 Mulberry Street and 166-170 Emmet Street, offering a combined 28,629 square feet of net rentable space. The asking price is $11,500,000, representing $401.69 per square foot and $328,571.43 per unit. Building amenities include elevators, in-unit laundry facilities on each floor, and secure enclosed parking (22 spaces total). High-end finishes are featured throughout, including custom kitchens with stainless steel appliances, quartz countertops, and soundproof windows. Many units boast stunning NYC skyline views. Both buildings are conveniently located near public transportation (PATH, train, and bus), Newark Airport, major highways, and universities. 529-531 Mulberry Street features 15 units (11 two-bedroom/two-bathroom, 1 one-bedroom, 3 studios) and a ground-floor retail space (360 sq ft). 166-170 Emmet Street offers 19 units (14 two-bedroom/two-bathroom, 1 two-bedroom/two-bathroom with private terrace, 4 one-bedroom). Both buildings offer tenant terraces. The properties are zoned for mixed use and are currently vacant, presenting a unique opportunity for immediate occupancy and rental income generation. This is a fee simple ownership opportunity. Year built: 2024.

Location Insight

City

Newark

County

Essex

State

New Jersey

Latitude

40.7195

Longitude

-74.1774

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