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218 Mulberry St 4 Unit Apartment Building $6,577,968 CAD ($1,644,492 CAD/Unit) 6.25% Cap Rate Newark, NJ 07102
Investment Highlights
- Redevelopment Zone
- Long-Term Upside Potential
- Value-Add Investment
- Located in the Heart of Downtown Newark
Executive Summary
Price Adjusted to reflect 6.25% Cap. 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 high long-term upside through assemblage, public-private partnership, or future redevelopment.
Property Facts
| Price | $6,577,968 CAD | Building Class | C |
| Price Per Unit | $1,644,492 CAD | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 10,125 SF |
| Cap Rate | 6.25% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RDV - Redevelopment Zone | ||
| Price | $6,577,968 CAD |
| Price Per Unit | $1,644,492 CAD |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 10,125 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1978 |
| Opportunity Zone |
Yes |
| Zoning | RDV - Redevelopment Zone |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-00872-0000-00056 | Improvements Assessment | $671,954 CAD |
| Land Assessment | $667,396 CAD | Total Assessment | $1,339,350 CAD |
Property Taxes
Parcel Number
14-00872-0000-00056
Land Assessment
$667,396 CAD
Improvements Assessment
$671,954 CAD
Total Assessment
$1,339,350 CAD
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218 Mulberry St
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