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218 Mulberry St
Newark, NJ 07102 Downtown Newark

$5,800,000 USD

Apartments For Sale  •  9,900 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,125 SF
  • Lot Size 0.08 AC
  • Building Class C
  • Year Built 1978
  • Cap Rate 5.03 %
  • Zoning RDV
95 Transit Score
96 Walk Score

Highlights

Redevelopment Zone
Value-Add Investment
Long-Term Upside Potential
Located in the Heart of Downtown Newark

Property Flyers

Financial Summary (Actual)

Net Operating Income: $291,900 USD (2025)
Cap Rate: 5.03 %
Total Expenses: $57,300 USD

Major Tenants

Tenant SF Occupied Lease End Date
Three Levels Lounge 6/30/2028

Public Transportation

Commuter RailDriveWalkDistance
Newark Penn Station (Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 2 min 12 min 0.6 mi
Harrison (Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 4 min - 1.5 mi
Transit/SubwayDriveWalkDistance
Military Park (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail)) 2 min 10 min 0.5 mi
Newark Penn Station (Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 2 min 12 min 0.6 mi
Washington Street (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail)) 2 min 14 min 0.7 mi
AirportDriveWalkDistance
Newark Liberty International 9 min - 5.1 mi
LaGuardia 42 min - 20.3 mi
John F Kennedy International 51 min - 30.6 mi
Isabella Brito 973-762-5400 KW Commercial MTD Realty Group
Isabella Brito 973-762-5400 KW Commercial MTD Realty Group