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The Reef 33 Union Ave 23 Unit Apartment Building $10,999,999 ($478,261/Unit) Manasquan, NJ 08736
EXECUTIVE SUMMARY
First Time Offered since newly constructed & completed in 2024 - The Reef is a 23 Unit apartment building located in the highly desirable Jersey Shore town of Manasquan. This in-town location is approximately 1.3 miles from the Manasquan beaches and in close proximity to everything the Jersey Shore has to offer, to include NJ Transit with rail transportation to north Jersey and NYC. This building represents one of the newest projects in Manasquan and features one to two bedroom units ( mostly two bedrooms ) ranging in size from approximately 772 to 1,363 square feet. Units feature high end finishes to include custom kitchen lay-outs with full stainless steel appliance packages, stackable washer & dryer, some units have balconies, all units have private lockable storage units. Additional amenities include raised panel woodwork in common areas, recessed lighting, central air conditioning, elevator ( one ), open floor plans, intercom / mobile app access system - in addition to a gym, package room, fully furnished common room, select units come with one assigned parking spot, street parking available. Very exciting opportunity rarely available on the Jersey Shore! Please contact Keith Kernan at 732.501.1584 for additional information.
PROPERTY FACTS
| Price | $10,999,999 | Apartment Style | Mid-Rise |
| Price Per Unit | $478,261 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.59 AC |
| No. Units | 23 | Building Size | 38,823 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Zoning | B-1 | ||
| Price | $10,999,999 |
| Price Per Unit | $478,261 |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.59 AC |
| Building Size | 38,823 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Zoning | B-1 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Intercom
- Island Kitchen
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Disposal Chutes
- Wheelchair Accessible
- Gas Range
- Recycling
- Storage Space
- Bicycle Storage
- Elevator
- Multi Use Room
- Public Transportation
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 772 - 1,114 |
| 2+2 | 10 | - | 1,030 - 1,344 |
| 3+2 | 2 | - | 1,225 |
| 1+1 | 3 | - | 730 - 772 |
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Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 29-00066-02-00031-01 | Improvements Assessment | $3,544,700 |
| Land Assessment | $592,900 | Total Assessment | $4,137,600 |
PROPERTY TAXES
Parcel Number
29-00066-02-00031-01
Land Assessment
$592,900
Improvements Assessment
$3,544,700
Total Assessment
$4,137,600
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The Reef | 33 Union Ave
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