Commercial Real Estate for Sale at 526-532 Mulberry St in Newark City, NJ for $10,300,000

Listing data updated August 5, 2024 - 11:42pm
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526-532 Mulberry St | Newark City

$10,300,000 | 50 Baths (50 Half) | 32,796 Sq. Ft.

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. GSMLS 3917369

Directions to property: Emmet St turn onto Mulberry St.

MLS Listing ID: 
GSMLS 3917369
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$10,300,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Newark City
Address: 
526-532 Mulberry St, Newark City, NJ 07114, U.S.A.
County: 
Essex
Latitude: 
40.7196000
Longitude: 
-74.1770900
Directions: 
Emmet St turn onto Mulberry St.
Public Remarks: 
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.
Building Details
Details about the building on a property.
Stories: 
4
Year Built: 
9999
Living Area: 
32,796
Basement: 
Finished-Partially, Full
Construction
Construction Materials: 
Brick/Block
Roof: 
Flat
Exterior: 
Brick/Block
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
50
Total Half-Bathrooms: 
50
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units
Heating System Fuel: 
Gas-Natural
Cooling System: 
4+ Units, Central Air
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.29
Lot Size (Dimensions): 
12500SF 100X125
Waterfront: 
0
Lot Features
Driveway: 
Assigned, Blacktop, Parking Lot-Exclusive
Parking Type: 
Assigned, Blacktop, Parking Lot-Exclusive
Total Parking Spaces: 
16
Public Record
Parcel Number: 
1614-01181-0000-00001-0000-
Lot Number: 
1
Annual Tax: 
$67,104.00
Property Zoning: 
Apartments 4C
Contract Details
Details about the listing contract.
Possession: 
ASAP
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
RE/MAX LIFETIME REALTORS

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