30 Cattano Ave
Morristown, NJ 07960
The Monroe · Multifamily Property For Sale · 148 Units
PROPERTY FACTS
| No. Units | 148 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.57 AC |
| Building Size | 114,378 SF |
| Average Occupancy | 94% |
| No. Stories | 6 |
| Year Built | 2002 |
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Walk-In Closets
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Controlled Access
- Courtyard
- Fitness Center
- Laundry Facilities
- On-Site Retail
- Package Service
- Wi-Fi
- Elevator
ABOUT 30 CATTANO AVE , MORRISTOWN, NJ 07960
CBRE, Inc. has been retained as the exclusive advisor for the sale of The Monroe, a Class-A,148-unit apartment community in the heart of pedestrian-friendly Morristown, New Jersey. The Monroe is 100% market rate and includes 6,633+ SF of street level retail. Built in 2002, the Property is a block from the historic Morristown Green which is surrounded by restaurants, retailers, entertainment venues and major employers earning a 97 Walk Score. The Morristown NJ Transit Station is within walking distance, providing service to New York Penn Station in 57± minutes, while I-287 is within one mile and offers convenient access to the region’s major employment centers. The Property has gone through a complete renovation program, including the upgrade of 97% of apartments, improvements to the courtyard and fitness center, the addition of a new rooftop terrace with 360-degree views as well as a new clubroom.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 13 | - | 513 - 588 |
| 1+1 | 93 | - | 614 - 713 |
| 2+1 | 5 | - | 881 |
| 2+2 | 37 | - | 815 - 1,336 |
PROPERTY TAXES
| Parcel Number | 24-05901-0000-00014 | Improvements Assessment | $32,047,500 |
| Land Assessment | $14,800,000 | Total Assessment | $46,847,500 |
ZONING
| Zoning Code | CBD (Commercial) |
