Log In/Sign Up
Your email has been sent.
218 Mulberry St 4 Unit Apartment Building $5,800,000 ($1,450,000/Unit) 5.03% Cap Rate Newark, NJ 07102
Investment Highlights
- Redevelopment Zone
- Long-Term Upside Potential
- Value-Add Investment
- Located in the Heart of Downtown Newark
Executive Summary
218 Mulberry Street is a mixed-use, income-producing property located in the heart of Downtown Newark, steps from the Prudential Center, Mulberry Commons Park, and Newark Penn Station. The asset offers stable in-place income today and significant long-term upside through assemblage, public-private partnership, or future redevelopment.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$349,200
|
$35.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$349,200
|
$35.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$57,300
|
$5.79
|
| Net Operating Income |
$291,900
|
$29.48
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $349,200 |
| Annual Per SF | $35.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $349,200 |
| Annual Per SF | $35.27 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $57,300 |
| Annual Per SF | $5.79 |
| Net Operating Income | |
|---|---|
| Annual | $291,900 |
| Annual Per SF | $29.48 |
Property Facts
| Price | $5,800,000 | Building Class | C |
| Price Per Unit | $1,450,000 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 10,125 SF |
| Cap Rate | 5.03% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RDV - Redevelopment Zone | ||
| Price | $5,800,000 |
| Price Per Unit | $1,450,000 |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 10,125 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1978 |
| Opportunity Zone |
Yes |
| Zoning | RDV - Redevelopment Zone |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (95)
Property Taxes
| Parcel Number | 14-00872-0000-00056 | Improvements Assessment | $486,500 |
| Land Assessment | $483,200 | Total Assessment | $969,700 |
Property Taxes
Parcel Number
14-00872-0000-00056
Land Assessment
$483,200
Improvements Assessment
$486,500
Total Assessment
$969,700
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
218 Mulberry St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.