218 Mulberry St #ALLNewark City, NJ 07102

Commercial · 39,500 Sq. ft. | 0.08 Acres
$4,800,000 Active

218 Mulberry St #ALL Overview

Time on Site:
168 days
Visits:
4

Price Adjustment to reflect a 6.25% CAP RATE. A rare opportunity to acquire a fully income-producing mixed-use property in the heart of Downtown Newark's Arena District, steps from the Prudential Center and Mulberry Commons Park. 218 Mulberry Street offers immediate cash flow with significant long-term upside in one of Newark's most active redevelopment corridors. The property features a strong commercial anchor tenant generating approximately $240,000 annually, plus four residential units above, providing a diversified income stream with total annual income of approximately $349,200 and a net operating income of approximately $291,900. Operating expenses are low, tenants pay all utilities, and the property is owner-managed. All leases are month-to-month, offering incoming ownership flexibility to lock in long-term leases, optimize rents, or reposition the asset. Located within a major redevelopment zone surrounded by substantial public and private investment, the property is widely regarded as a strategic parcel in the continued transformation of Downtown Newark. Ideal for 1031 exchange buyers, long-term hold investors, value-add strategies, or assemblage-minded buyers seeking stable income today with meaningful future potential.

Listing provided courtesy of EXP REALTY, LLC- MLS# 4004798MLS ProviderContact Information: 917-533-9263
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218 Mulberry St #ALL Facts & Features

  • Type Commercial
  • Sq. ft. 39,500
  • Price/Sq.ft. $122
  • Lot 0.08 Acres

Details

General

Income/Expenses

  • Expenses Include: See Remarks
  • Gross Income: 349200
  • Net Operating Income: 291900
  • Operating Expense: 57300

Listing Information

  • For Sale Or Lease: For Sale

Building Information

  • Num Apts: 4
  • Year Built: 1900

Location/Region

  • County Or Parish: Essex
  • Location: Business District, Freestanding, See Remarks

Building Exterior/Construction

  • Construction Date/Year Built Des: Approximate

Tax Information

  • City Tax: *
  • County Tax: *
  • Tax Amount Tax: *
  • Tax Annual Amount: $36,877.00
  • Tax Assessed Value: *
  • Tax Rate Amount: 3.803
  • Tax Rate Year: 2025
  • Tax Year: 2024
  • Tax Year Tax: *

General Information

  • Inclusions: Building Only
  • Property Sub Type: Mixed Use, Restaurant/Bar, See Remarks
  • Property Type: Commercial
  • Zoning: Redevelopment

Interior

Building Information

  • Available Sq Ft: 39500
  • Equipment Available: Sign - Roof
  • Max Ceiling Height: 0
  • Max Door Height: 0
  • Num 1 Bdrm Units: 1
  • Num 2 Bdrm Units: 1
  • Num 4 Bed Units: 2
  • Num Units w/Full Bath: 4
  • Office Sq Ft: 0

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bathrooms Total: 7

Building Interior

  • Building Area Total: 39500

General Information

  • Cooling: See Remarks
  • Heating: See Remarks
  • Stories: 3

Unit Information

  • Unit Number: ALL

Exterior

Building Information

  • Color of Building: Brick
  • Number of Bays: 0
  • Number of Docks: 0

Parking Information

  • Parking Features: None

Lot Information

  • Approximate Lot Size: 27.9X121
  • Lot Features: Corner
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: Brick/Block, Wood
  • Exterior Description: Aluminum,Brick
  • Roof: Flat

General Information

  • Number Of Units Total: 5
  • Sewer: Public Sewer
  • Utilities: All Underground

218 Mulberry St #ALL Neighborhood

Community

07102 (Newark City) Demographics

34
Median Age
11,361
Population Density (per sq. mile)
31%
College Educated
$28,990
Estimated Median Income
537
Estimated Total Home Owners
5,184
Estimated Total Renters
9% / 91%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

218 Mulberry St #ALL Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

218 Mulberry St #ALL Market Data

Based on the last 30 days in this zip code

$448,737
Average List Price
$2,867
Average Price per Square Foot
0
Properties Sold
93
Average Days on Market
8
Properties for Sale
Calculations provided by Reliance Network

218 Mulberry St #ALL History

Date Event Value Agent
4/1/2026Source: Garden State MLS Price Reduction
$4,800,000 -17.2%
1/13/2026Source: Garden State MLS Added to Database
January 13, 2026