Apartment Building Investment Opportunity

529-531 Mulberry Street & 166-170 Emmet Street Newark, NJ 07114

529-531 Mulberry Street & 166-170 Emmet Street, Newark, NJ, 07114
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
Dec 20, 2024

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Highlights

  • 529-531 MULBERRY STREET (±12,760 SF) consists of 15 apartments and 1 retail/commercial unit - 1 retail/commercial unit (±360 SF), 3 studio apartments (±508 SF), 1-bedroom apartment (±747 SF), 11 2-bedroom apartments (±902-986 SF) and 8 parking spaces. Property taxes $35,520.
  • 166-170 EMMET STREET (±15,869 SF) consists of 19 apartment - 4 1-bedroom apartments (±548 SF), 14 2-bedroom apartments (±881-896 SF), 1 large 2-bedroom apartments with private balcony (±1,213 SF) and 14 parking spaces. Property taxes $42,180.
  • New construction in "lease up."

Description

Two newly constructed apartment buildings for sale

Located in the desirable Ironbound section near Newark Penn Station, public transportation, Newark Airport and major highways.

Building Size: 28629sq ft
Lot Size: 0 acres


Documents

Newark Mulberry and Emmet Street Apartments For Sale

Map of 529-531 Mulberry Street & 166-170 Emmet Street, Newark, NJ, 07114

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.