Active

166 Emmet

Newark City NJ, 07114

$11,500,000


$724.68 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

October 12, 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

127


Garage

Yes


Garage Spaces

14


Parking Total

14


View

No


County

Essex


Water Source

Public


Pool

No


Zoning

Apartments

Listing History

Date

Event

Price

10/12/2024

Price change

$11,500,000

-18%

Courtesy of RE/MAX LIFETIME REALTORS with DYANA LIBORIO, EMANUELA MOREIRA
Listing Contact: 9086882828 

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