$ 11,500,000
166 Emmet Newark City, NJ 07114
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$ 11,500,000
Est. payment /mo
Price Dropped by $2.5M
166 Emmet Newark City, NJ 07114
15,869 SqFt
UPDATED:
10/11/2024 03:26 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,869 sqft
Price per Sqft $724
MLS Listing ID 3906266
Year Built 2024
Annual Tax Amount $11,068
Tax Year 2023
Lot Size 7,405 Sqft
Property Description
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.
Location
State NJ
County Essex
Zoning Apartments
Interior
Heating Gas-Natural
Cooling 4+ Units, Central Air
Flooring Laminate
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
Parking Type Assigned, See Remarks
Building
Lot Description Level Lot, Skyline View
Story 5
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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