Remarks

PACKAGE DEAL: Brand New Building is being sold with 166-168 Emmet St., Newark NJ 07114 for the total price of $14,000,000 total 35 Units. Introducing a rare investment opportunity in the Ironbound Section of Newark with apartment rental prices $2600-$3200. This beautiful building is being finished with 4 floors of apartments and 1 retail store; consisting of 15 custom luxury designed units, (11 two-bedrm 2 bath units; 1 one-bedrm unit w/ & 3 studio units) and 1 ground floor retail space of 360Sqft -total of 23 bedrms & 28 baths. Building has elevator, laundry facilities on each level, parking consists of 8 Garage enclosed parking spaces that provide additional income. Building has a outdoor terrace facing the Business District of Newark with a half bathroom for all tenants to enjoy. This unique building includes fire rated entry doors with advanced technological door handles, prewired Fiber Optics, custom built kitchens w/ stainless steel appliances (Microwave, Refrigerator, dishwasher,& gas stove), quartz countertops, island/peninsula, large child-safety -sound proof windows, intercom system, Central Air & Forced Hot Air and tons of closet space. There are apartments facing NYC with the view of the NYC SkyLine. Located near PATH, Train & Bus Station, Newark Airport, major highways, & Universities all within the same city. All financials please see attached documents.

Details

MLS#: 3906263
Price: $11,500,000

Sq Ft: 12760
Year Built: 2024

County: Essex
Lot Size: 50X100
Tax Fee: 7456