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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.

Property size:
61,425 SF

Property Features for 529-531 Emmet St

General Information

Size
61,425 SF

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Listing Contact
William Sitar Jr.
Source: Sitarcompany

Listing Agent: William Sitar Jr.

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Overview

Newark Multifamily Portfolio For Sale

Three newly constructed apartment buildings are available for sale in the Ironbound section of Newark, near Newark Penn Station, public transportation, Newark Airport, and major highways. The properties are in a lease-up phase. 529-531 Mulberry Street consists of approximately 12,760 square feet, featuring 15 apartments and 1 retail/commercial unit of approximately 360 square feet. The residential units include three studio apartments (approximately 508 square feet), one 1-bedroom apartment (approximately 747 square feet), and eleven 2-bedroom apartments (approximately 902-986 square feet). This building also offers 8 parking spaces. The property taxes are $35,520. 526-532 Mulberry Street consists of approximately 32,796 square feet and includes 28 apartments: twenty-two 2-bedroom, 2-bath units; five 1-bedroom, 1-bath units; and one studio. This building provides 17 parking spaces. The property taxes are $68,465. 166-170 Emmet Street consists of approximately 15,869 square feet and contains 19 apartments: four 1-bedroom apartments (approximately 548 square feet); fourteen 2-bedroom apartments (approximately 881-896 square feet); and one large 2-bedroom apartment with a private balcony (approximately 1,213 square feet). This building has 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

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Location Insight

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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.
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.
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