Active
166 Emmet
Newark City NJ, 07114
$14,000,000
$882.22 per sqft
Active
15,869 sqft
Commercial
Built in 2024
PACKAGE DEAL: Brand New Building is being sold with 529-531 Mulberry St., Newark NJ 07114 for the price of $14,000,000 for total 35 units. Introducing a rare investment opportunity in the desirable Ironbound Section of Newark were the going rates for apartments are $2600-$3200 monthly. This beautiful building is being finished with 4 floors of apartments consisting of 19 custom designed units, (14 two-bedrm 2 bath units; 1 two bedrm 2 bath unit w/ private terrace & 4 one-bedrm units). Building has elevator, laundry facilities on each level, terrace with view to NYC, public bathroom,14 Garage enclosed parking spaces that provide additional income. Each unit includes fire rated entry doors with advanced technological door handles, prewired Fiber Optics, custom built kitchens w/ stainless steel appliances (Microwave, Refrigerator, dishwasher,& gas stove), quartz countertops, island/peninsula, large sound proof windows, intercom system, Central Air & Forced Hot Air and tons of closet space. There are apartments facing NYC with the view of the NYC SkyLine, & terrace apt is facing NYC. Located near PATH, Train & Bus Station, Newark Airport, major highways, & Universities all within the same city. All financials please see attached documents.
3906266
MLSⓇ ID
June 6, 2024
Listed
September 5, 2024
Updated
Map
166 Emmet
Newark City NJ, 07114
Interior Features
Total Stories
5
Interior Features
Laminate
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.17 Acres
Lot Features
Level
Sewer
Public Sewer
Other Property Details
Taxes
$11,068
Tax Frequency
Annually
Days on Market
14
Garage
Yes
Garage Spaces
14
Parking Total
14
View
No
County
Essex
Water Source
Public
Pool
No
Zoning
Apartments
Courtesy of RE/MAX LIFETIME REALTORS with DYANA LIBORIO, EMANUELA MOREIRA
Listing Contact: 9086882828
The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service , L.L.C . Real estate listings held by other brokerage firms are marked as IDX Listing. All information deemed reliable but not guaranteed and should be independently verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service. All rights reserved.