Mangos Grill, a downtown restaurant and bar on Fulton Street, is up for sale.
Woodbridge-based Kislak Realty is handling the real estate listing, describing it as “large kitchen with opulent dining room, bar and entertaining area,” as well as on-premises parking. The liquor license is available for purchase, according to the listing. No word on asking price.
The property at 1349 Fulton St. is owned by G&T, Inc., which bought it in January 2004 for $555,000. The 0.7-acre site houses a two-story building and is assessed at $518,300, yielding a property tax bill of more than $32,000 last year, according to property records.
The Redevelopment Agency is getting involved in negotiations for the sale of Mangos Grill, a key parcel in a proposed 88-unit mixed-used development. Approved by the Redevelopment Agency after a 20-minute executive session during its meeting last week, Resolution 40-14 authorizes the "acquisition by negotiation or condemnation" of 1349-53 Fulton St.…
The Redevelopment Agency this month tabled a resolution that would authorize the acquisition of the Mangos Bar & Grill property as part of a proposed 84-unit development. After about a 40-minute executive session at their Oct. 1 meeting, commissioners tabled a resolution (43-14) to authorize the acquisition of the property…
A preliminary plan that would replace Mangos Bar & Grill and adjacent properties with a five-story residential development likely will have to go back to the drawing board to find more parking, among other concerns from the Redevelopment Agency. The concept plan presented earlier this month suggested four floors of…
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7 thoughts on “Mangos Grill on the block”
$32K in property taxes on a $514K value? How can anyone afford to live in Rahway?
Keep in mind, that's assessed value, which in Rahway is generally about 40 percent of market value based on equalization tables, at least on residential property.Market value, based on that assumption, would likely be well over $1m.
Interesting that everything in that strip is up for grabs. I was told they're knocking down the strip and replacing with condos according to a few folks from the zoning meeting.
$32K in property taxes on a $514K value? How can anyone afford to live in Rahway?
Keep in mind, that's assessed value, which in Rahway is generally about 40 percent of market value based on equalization tables, at least on residential property.Market value, based on that assumption, would likely be well over $1m.
Thanks for the info. Any word on Bachmann's?
Interesting that everything in that strip is up for grabs. I was told they're knocking down the strip and replacing with condos according to a few folks from the zoning meeting.
Mark, where can I drink now.