$455,740Average Value$237Average Price per Sq Ft3Homes For Sale
Mount Pleasant - Lower Broadway sits minutes from Rutgers University
Mount Pleasant residents live among the hustle and bustle of Newark’s North Ward. It can be a convenient landing spot for commuters to Rutgers University or New York City, both of which are accessible by car or train. Though the neighborhood may not have parks within its borders, several popular city green spaces and community corner stores are still within walking distance, and the dense Broadway corridor hosts several restaurants specializing in Latin American cuisine. “The majority of buyers are searching here because they grew up here,” says Joel Reyes, a real estate broker with Howard Hanna Rand Realty, Linden. “It’s also appealing for Spanish speakers who are attracted to the local businesses and the culture of the community.” The neighborhood is bound to the south by the Essex Freeway and downtown Newark, while the Passaic River flows to the east.
Filled with townhomes, condos and multifamily units to own or rent
The busy city streets of Mount Pleasant are lined with Italianate-style townhouses, semi-detached colonial homes and multifamily properties. Most residents are renters, though prospective buyers can find homes priced from $300,000 to $600,000, with prices varying by square footage and age. New construction condos are also showing up around the community, with many built within the last decade. “In North Newark, the price point is about average for the city, but can run slightly higher,” says Reyes. “A lot of folks are looking for investment opportunities because of the multifamily properties here, but it's common for folks to live in one unit and rent the others.” Since Mount Pleasant is a central urban neighborhood in Newark with the accompanying traffic issues, residents may find it easier to walk to get groceries or food, and they may deal with moderate levels of street noise from city traffic.
Latin restaurants along Broadway and local bodegas
Locals can stroll around the neighborhood to sample restaurants like El Merengue, which serves stewed chicken and tostones. El Merengue also opens its dining area for music and dancing on the weekends, making it a popular community nighttime spot. Las Canastillas offers traditional Salvadoran entrees like pork and chicken pupusas, red snapper and broiled steaks. Food Fair Fresh Market sits along 2nd Avenue for groceries, just a block north of the neighborhood. Closer to home are several local bodegas like Victoria’s Super Market for convenience items or a fresh deli sandwich. Broadway serves as the neighborhood’s commercial corridor, where most small businesses line the street, from barbershops and restaurants to dollar stores.
Technology High School has solid STEM courses
Newark Public School District serves Mount Pleasant—Lower Broadway. Rafael Hernandez Elementary gets a C-minus from Niche, while McKinley Elementary gets a C-rating. Both schools teach kindergarten through eighth-grade students. The neighborhood is also home to the A-minus-rated Technology High School, which offers advanced STEM education and opportunities for students to gain IT certificates.
Close to vibrant Branch Brook Park
Though there aren’t any parks within Mount Pleasant – Lower Broadway, the 360-acre Branch Brook Park is less than a mile away. The park is filled with over 5,000 cherry blossom trees and is a popular place to visit during peak bloom season in the spring. In downtown Newark, Harriet Tubman Square is a historic triangular city park less than a mile away. The park has walking paths, shady trees and a statue dedicated to Harriet Tubman and the abolition movement.
Essex County Cherry Blossom Festival is popular in the spring
The Essex County Cherry Blossom Festival occurs at Branch Brook Park when the trees are in full bloom. Festival-goers can enjoy live performances and cultural events while enjoying picturesque views of the bright pink blossoms.
Half an hour to New York City, five miles from Rutgers
New York City is an 11-mile drive east along the Essex Freeway, a drive that takes around 30 minutes, depending on the notorious rush hour traffic. NJ Transit buses make several stops along Broadway for public transit options. Commuters can head to the Broad Street NJ Transit station south of Essex Freeway to take the train into Manhattan in 20 minutes. There’s also the Riverfront Stadium station for light rail access around the city. Newark Liberty International Airport is five miles south. Saint Michael’s Medical Center is the nearest hospital, a mile south of Mount Pleasant – Lower Broadway. Rutgers University is a couple of blocks from the hospital. The university employs over 27,000 people and serves more than 69,000 students.
Written By
Maxwell Olarinde
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Mount Pleasant-Lower Broadway Demographics and Home Trends
On average, homes in Mount Pleasant-Lower Broadway, Newark sell after 43 days on the market compared to the national average of 70 days. The median sale price for homes in Mount Pleasant-Lower Broadway, Newark over the last 12 months is $334,900, down 66% from the median home sale price over the previous 12 months.
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