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218 Mulberry St
Newark, NJ 07102 Downtown Newark

$4,800,000 USD

Apartments For Sale  •  10,125 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 6.25 %
  • Zoning RDV
100 Transit Score
90 Walk Score

Highlights

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

Property Flyers

Cap Rate: 6.25 %

Major Tenants

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

Public Transportation

Commuter RailDriveWalkDistance
Newark Penn Station (Broad Street Station - Newark Penn Station - NJ Transit Commuter Rail (NJ Transit), Grove Street - Newark Penn Station - NJ Transit Commuter Rail (NJ Transit), Newark Penn Station-World Trade Center - NJ Transit Commuter Rail (NJ Transit), North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Northeast Corridor Line - NJ Transit Commuter Rail (NJ Transit), Raritan Valley Line - NJ Transit Commuter Rail (NJ Transit)) 1 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)) 1 min 10 min 0.5 mi
Njpac/Center Street (Broad Street Station - Newark Penn Station - Newark Light Rail (Newark Light Rail)) 2 min 13 min 0.7 mi
Washington Street (Grove Street - Newark Penn Station - Newark Light Rail (Newark Light Rail)) 2 min 14 min 0.7 mi
Washington Park (Broad Street Station - Newark Penn Station - Newark Light Rail (Newark Light Rail)) 2 min 19 min 1.0 mi
Atlantic Street (Broad Street Station - Newark Penn Station - Newark Light Rail (Newark Light Rail)) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
Newark Liberty International 8 min - 5.0 mi
LaGuardia 41 min - 20.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Isabella Brito 973-762-5400 KW Commercial MTD Realty Group
Isabella Brito 973-762-5400 KW Commercial MTD Realty Group