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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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218 Mulberry St , Newark City, NJ 07102
$4,800,000
Est. Payment: $24,428.20/mo
0 Bed
3.5 Bath
39500 Sqft
Status: active | Days on site: 168
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Susan Maryanski
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House Description

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.
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Highlights

Listed by HECTOR R. ROJAS , MP EXP REALTY, LLC , 866-201-6210. Garden State MLS

Property Type

Commercial Sale
Lot/Acreage
0.08

Year Built

1900

County

Essex

Listing ID

4004798

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:3.5
  • ▪ Full Bathrooms:
  • ▪ 1/2 Bathrooms:7
Air Cond:See Remarks
Fireplaces:
Basement:Full
Other:Public Water

Exterior Features

Lot:Corner
Lot Dimensions:27.9X121
Zoning:Redevelopment
Roof:Flat
Others:Aluminum,Brick
Sewer:Public Sewer
Principal Interest
$24,428
Taxes
$3,073

Home Price

$4,800,000

Loan Details

30 yrs
6.562%

Down Payment

20%
$960,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$24,428.20

Principal

Taxes

Principal Taxes HOA Total
Monthly $24,428.20 $3,073.08 $0.00 $27,501.28
Yearly $293,138.36 $36,877.00 $0.00 $330,015.36
Total $8,794,150.84 $1,106,310.00 $0.00 $9,900,460.84

Today's Rates

30 Year

6.56%

20 Year

6.5%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Newark City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-21T23:37:13.000Z

© 2026 Garden State MLS