# 218 Mulberry St, Newark City, NJ 07102-3528

> **TL;DR:** commercial, $4,800,000 ($122/sqft), built 1900, 39,500 sqft.
> Basement. Est. $20,800/mo. Listed 87 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $4,800,000 |
| Price/sqft | $122 |
| Square Feet | 39,500 |
| Year Built | 1900 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Stories | 3 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 87 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $20,800 |
| **Total** | **$20,800** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1900
- 0.08 acre lot
- 3 stories

## Description

### Agent 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.

## Location

- **Address:** 218 Mulberry St, Newark City, NJ 07102-3528
- **County:** Essex
- **Coordinates:** 40.7314, -74.17114
- **Google Maps:** https://www.google.com/maps?q=40.7314,-74.17114

## Listing Agent

- **Name:** HECTOR R. ROJAS
- **Brokerage:** EXP REALTY, LLC
- **Phone:** 9737862247
- **Email:** Hector@TheEastCoastTeam.com

## Primary Photo

![218 Mulberry St - Primary Photo](http://lh.rdcpix.com/a411e3b833ea73c26984db093b887f06l-f1104672551r.jpg)

*29 total photos available on [listing page](https://www.propertysimple.com/listing/218-mulberry-st-newark-city-nj-07102-3528-4004798)*

---

**MLS#:** 4004798 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/218-mulberry-st-newark-city-nj-07102-3528-4004798)

---

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