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529-531 Emmet St Newark, NJ 07114

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For Sale
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Three newly constructed apartment buildings in Newark's Ironbound section for sale.

Property size:
61,425 SF

Property Features for 529-531 Emmet St

General Information

Size
61,425 SF
Source: Tcnworldwide

Listing Agent: William Sitar Jr.

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Newark Multifamily Investment Opportunity

Three newly constructed apartment buildings are available for purchase in the Ironbound section of Newark, near Newark Penn Station, public transportation, Newark Airport, and major highways. The properties are currently in "lease up." 529-531 Mulberry Street has a size of approximately 12,760 square feet and features 15 apartments and 1 retail/commercial unit. The retail/commercial unit is approximately 360 square feet, there are three studio apartments of approximately 508 square feet each, one 1-bedroom apartment of approximately 747 square feet, and eleven 2-bedroom apartments ranging from approximately 902 to 986 square feet. This building also includes 8 parking spaces. The property taxes are $35,520. 526-532 Mulberry Street has a size of approximately 32,796 square feet and contains 28 apartments, including twenty-two 2-bedroom, 2-bath units, five 1-bedroom, 1-bath units, and one studio. This building offers 17 parking spaces. The property taxes are $68,465. 166-170 Emmet Street has a size of approximately 15,869 square feet and consists of 19 apartments, including four 1-bedroom apartments of approximately 548 square feet each, fourteen 2-bedroom apartments ranging from approximately 881 to 896 square feet, and one large 2-bedroom apartment with a private balcony of approximately 1,213 square feet. This building provides 14 parking spaces. The property taxes are $42,180.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.17273
Latitude
40.717519

FAQs

What type of property is this?
Apartment building - Three newly constructed apartment buildings in Newark's Ironbound section for sale.
Where is this apartment building located?
The property is located at 529-531 Emmet St Newark, NJ.
What are key features of this property?
This property features: - Three newly constructed apartment buildings in a desirable location.; - Proximity to Newark Penn Station, public transportation, Newark Airport, and major highways.; - Diversified unit mix across the three buildings, including studio, 1-bedroom, and 2-bedroom apartments, plus a retail/commercial unit in one building.
More about this property
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