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529-531 Mulberry St
Newark, NJ 07114
Multifamily Property For Sale
·
15 Units
Investment Highlights
- Newly constructed apartment building.
- Conveniently located near Newark Penn Station.
- Close proximity to Newark Airport.
- Located in the desirable Ironbound section.
- Easy access to public transportation.
- Convenient access to major highways.
Executive Summary
Newly constructed apartment building for sale. Located in the desirable Ironbound section near Newark Penn Station, public transportation, Newark Airport and major highways. Building consists of 15 apartments and 1 retail/commercial unit -one retail/commercial unit (±360 SF); three studio apartments (±508 SF); one 1-bedroom apartment (±747 SF); eleven 2-bedroom apartments (±902-986 SF) and 8 parking spaces.
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 15 | Building Size | 12,760 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.72/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 12,760 SF |
| No. Stories | 5 |
| Year Built | 2024 |
| Parking Ratio | 1.72/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Site Amenities
- On-Site Retail
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 1 | - | - |
| 2+2 | 11 | - | - |
Property Taxes
| Parcel Number | 14-01192-0000-00026 | Improvements Assessment | $2,050,000 |
| Land Assessment | $300,000 | Total Assessment | $2,350,000 |
Property Taxes
Parcel Number
14-01192-0000-00026
Land Assessment
$300,000
Improvements Assessment
$2,050,000
Total Assessment
$2,350,000
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