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.
Contact Information: 917-533-9263218 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
218 Mulberry St #ALL Monthly Cost
218 Mulberry St #ALL Market Data
Based on the last 30 days in this zip code
218 Mulberry St #ALL History
| Date | Value | Agent |
|---|---|---|
| 4/1/2026Source: Garden State MLS | $4,800,000 -17.2% |
|
| 1/13/2026Source: Garden State MLS | January 13, 2026 |