Income-Producing Mixed-Use
For Sale
$4,800,000
Mulberry St, Newark, NJ 07102
Mixed-use building with a commercial anchor tenant and four residential units above, generating substantial annual income.
Property Size39,500 SF
Price / SF$121.52
Days on Market222
Property Features for Mulberry St
General Information
Standard status
Active
Size
39,500 SF
Property subtype
Mixed Use
Additional Details
Cap Rate
6.25%
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$36,877
Amenities
3
Flat
27.9X121, 27.9X121
Central Business District.
Building Details
Year Built
1900
Listing Agency:
EXP REALTY, LLC
(917) 533-9263
Listed By:
HECTOR R. ROJAS
(917) 533-9263
Source:
Xome
Added: Jan 1
Changed: Aug 8
Last Checked: Aug 10 at 2:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY, LLC
Investment Insights
Based on property information with market context.
218 Mulberry Street is a fully income-producing mixed-use property with a commercial anchor tenant and four residential units above. The commercial tenant generates approximately $240,000 in annual revenue, and the building also includes the residential units to support total annual income of approximately $349,200. Reported net operating income is approximately $291,900, with tenants paying all utilities and the property described as owner-managed.
The property is located in Downtown Newark’s Arena District, steps from the Prudential Center and Mulberry Commons Park. All leases are month-to-month, which may provide incoming ownership flexibility regarding lease timing and long-term planning.
The offering is described as a price adjustment to reflect a 6.25% CAP rate.
The property is located in Downtown Newark’s Arena District, steps from the Prudential Center and Mulberry Commons Park. All leases are month-to-month, which may provide incoming ownership flexibility regarding lease timing and long-term planning.
The offering is described as a price adjustment to reflect a 6.25% CAP rate.
Key Highlights
- Mixed‑use property at 218 Mulberry Street with a commercial anchor tenant and four residential units above
- Commercial anchor tenant generates approx. $240,000 annually; total annual income approx. $349,200 and NOI approx. $291,900
- Price adjustment to reflect a 6.25% CAP rate, targeting buyers seeking income‑producing property
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
6,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 07102, NJ
15,047
Population
6,574
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
82%
High-School Grad
1.1 sq mi
ZIP Area
13,679
Density / Sq Mi
$37,093
Median Household Income
$42,234
Median Earnings
$1,141
Median Rent
$293,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with a commercial anchor tenant and four residential units above, generating substantial annual income.
Where is this mixed-use property located?
The property is located at Mulberry St Newark, NJ.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Mixed‑use property at 218 Mulberry Street with a commercial anchor tenant and four residential units above; Commercial anchor tenant generates approx. $240,000 annually; total annual income approx. $349,200 and NOI approx. $291,900; Price adjustment to reflect a 6.25% CAP rate, targeting buyers seeking income‑producing property
