526-532 Mulberry St , Newark, NJ

Asking: $ 2,800,000

Description

Marketing Description

We are pleased to present this 28 units Opportunity Zone all-new property approved available for sale consisting of 1 detached building located at the Ironbound section of Newark, including approvals, architectural drawings, structural, mechanical plans. Existing building with approvals for conversion from industrial to residential with 28 units adding an additional floor.

$2,800,000 for 28 units conversion from industrial to residential, demolition was already done. Approvals are done adding an extra floor (4th)on the existing structure on wood. No rent control for 30 years.

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