218 Mulberry St - Apartments FOR SALE


Newark, NJ 07102- Downtown Newark
$5,800,000 USD
973-762-5400
218 Mulberry St, Newark, NJ for Sale
$5,800,000 USD
Apartments - FOR SALE
1/9
null | 5.03% Cap Rate

218 Mulberry St
Newark, NJ 07102
Downtown Newark


HIGHLIGHTS

  • Redevelopment Zone
  • Value-Add Investment
  • Long-Term Upside Potential
  • Located in the Heart of Downtown Newark

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$586 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,450,000

CAP RATE

5.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

RDV

APN/PARCEL ID

14-00872-0000-00056

ASK ABOUT THIS PROPERTY

Isabella BritoKW Commercial MTD Realty GroupMore Info
973-762-5400

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Isabella BritoKW Commercial MTD Realty GroupMore Info
973-762-5400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.