55 W Front St | Red Bank, NJ 07701
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55 W Front St
Red Bank, NJ 07701
The Element · Multifamily Property For Sale · 35 Units
Investment Highlights
- This property features a unique combination of best-in-class location, premium finishes, and “boutique” feel, unmatched in Red Bank.
- On-site amenities include beautifully appointed outdoor community terrace, secured covered parking, secure storage areas and package room.
- Opportunity for an investor to acquire a generational asset with long term strength and stability both at the asset and in the Red Bank market.
- Unbeatable location- Riverside Park directly across the street, walking distance to train and many shops and dining establishments.
PROPERTY FACTS
| No. Units | 35 | Lot Size | 1.08 AC |
| Property Type | Multifamily | Building Size | 93,736 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid Rise | No. Stories | 4 |
| Building Class | C | Year Built | 2019 |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 1.08 AC |
| Building Size | 93,736 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2019 |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Island Kitchen
- Patio
Site Amenities
- 24 Hour Access
- Package Service
- Roof Terrace
- Storage Space
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 750 - 855 |
| 2+2 | 15 | - | 1,127 - 1,316 |
PROPERTY TAXES
| Parcel Number | 39-00030-0000-00010-01 | Improvements Assessment | $9,139,300 |
| Land Assessment | $2,060,700 | Total Assessment | $11,200,000 |
PROPERTY TAXES
Parcel Number
39-00030-0000-00010-01
Land Assessment
$2,060,700
Improvements Assessment
$9,139,300
Total Assessment
$11,200,000
zoning
| Zoning Code | CCD-2 |
| CCD-2 |
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