Listed by eXp Commercial, KW Commercial Maplewood-Mid Town Direct
$4,800,000
218 Mulberry St
Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Restaurant
Square Footage 10,125
Cap Rate 7.5%
NOI $360,000
Occupancy 100%
Price per SqFt $474
Zoning RDV
Investment Type Value Add
Ground Lease No
Redevelopment Zone-Mixed Use 1 Commercial 4 Apartments
Marketing description
218 Mulberry Street is a mixed-use, income-producing property located in the heart of Downtown Newark, steps from the Prudential Center, Mulberry Commons Park, and Newark Penn Station. The asset offers stable in-place income today and significant long-term upside through assemblage, public-private partnership, or future redevelopment.
Investment highlights
Redevelopment Zone
Income-Producing
Long-Term Upside Potential
Value-Add Investment
1031 Exchange Buyers
Located in the Heart of Growing Downtown Newark
No Vacancy for Last 15YRS
Listing Contacts
Listed by eXp Commercial, KW Commercial Maplewood-Mid Town Direct
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$360,000.00
$30,000.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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