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$ 10,300,000
Est. payment | /mo
32,796 SqFt
$ 10,300,000
Est. payment | /mo
32,796 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 32,796 sqft
Price per Sqft $314
MLS Listing ID 3917369
Annual Tax Amount $67,104
Tax Year 2023
Lot Size 0.290 Acres
Property Description
Introducing a rare investment opportunity in the Ironbound Section of Newark. The original Ace Tool & Manufacturing Company located at the corner of Mulberry St & Emmet St. sitting on a 12,850 sqft lot. This beautiful building has been completely rebuilt into this stunning 4 level apartment building w/ a brand new 4th flr addition consisting of 28 custom designed units, (22 two-bedrm 2 bath units w/ 620-797sqft; 5 one-bedrm units w/ 632-652sqft & 1 studio unit w/ 779sqft) for a grand total of 32,796 sqft -50 bedrms & 50 baths. Fully occupied w/ no vacanies! Building has New fire sprinkler system, large elevator, a garbage chute, and laundry facilities on each level that provide additional income. Building has a large gym complete w/ 6 stations, mirror walls & TV. Parking lot consists of 16 parking spaces that brings in additional income. This unique building has 28 luxury apartments each unit includes fire rated entry doors, prewired Fiber Optics, custom built kitchens w/ stainless steel appliances (Microwave, Refrigerator, & dishwasher, stove), quartz countertops, island/peninsula, large child-safety -sound proof windows, intercom system, Central Air & Forced Hot Air. Located near PATH, Train & Bus Station, Newark Airport, major highways, & Universities all within the same city.
Location
State NJ
County Essex
Zoning Apartments 4C
Rooms
Basement Finished-Partially, Full
Interior
Heating Gas-Natural
Cooling 4+ Units, Central Air
Equipment Appliances, Fire Alarm, Handicapped Access, Intercom, Passenger Elevator(s), Security System, Smoke Detector, Sprinkler System
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Electric, Gas-Natural
Roof Type Flat
Building
Lot Description Corner, Level Lot
Story 4
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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