This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
30 Cattano Ave
Morristown, NJ 07960
The Monroe · Multifamily Property For Sale
·
148 Units
PROPERTY FACTS
| No. Units | 148 | Lot Size | 0.57 AC |
| Property Type | Multifamily | Building Size | 114,378 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Mid-Rise | No. Stories | 6 |
| Building Class | B | Year Built | 2002 |
| Zoning | CBD - Commercial | ||
| 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 |
| Zoning | CBD - Commercial |
AMENITIES
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 |
PROPERTY TAXES
