Approved Multifamily Development
For Sale
Contact for pricing
200 Park Avenue, Freehold, NJ 07728
Fully approved site for 52 residential units on an existing 6,543 SF structure.
Property Size6,543 SF
Lot Size1.47 Acres
Days on Market50
Property Features for 200 Park Avenue
General Information
Standard status
Active
Size
6,543 SF
Total Parking Spaces
101
Lot size
1.47 Acres
Property subtype
Land, Multifamily
Zoning
Redevelopment Area (Park and Main Affordable Housing District)
Investment Type
Redevelopment
Additional Details
Multifamily Units
52
Building Details
Buildings
1
Stories
4
Units
52
Listing Agency:
Colliers - Woodbridge, New Jersey
(973) 299-3083
Listed By:
Jacklene Chesler · License #NJ 9587537
Source:
Crexi
Added: Jul 13
Changed: Aug 31
Last Checked: Aug 31 at 7:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Woodbridge, New Jersey
Investment Insights
Based on property information with market context.
The property at 200 Park Avenue offers a fully approved multifamily development site in Freehold Borough. The existing 6,543 SF structure sits on 1.47 acres, and the approved plans call for 52 residential units with an included unit mix, ample parking, and modern building parameters.
The location is one block from the Freehold Raceway redevelopment on a 57-acre site. The property is also approximately 0.5 miles from Freehold Borough Center, a major NJ Transit bus hub offering direct service to New York City and regional connectivity throughout New Jersey.
Ownership has the ability to apply for a 5-year tax exemption and abatement. This combination of an approved residential program and early tax savings support a streamlined path to advancing the planned development.
The location is one block from the Freehold Raceway redevelopment on a 57-acre site. The property is also approximately 0.5 miles from Freehold Borough Center, a major NJ Transit bus hub offering direct service to New York City and regional connectivity throughout New Jersey.
Ownership has the ability to apply for a 5-year tax exemption and abatement. This combination of an approved residential program and early tax savings support a streamlined path to advancing the planned development.
Key Highlights
- Fully approved multifamily development site for 52 residential units on 1.47 acres
- Existing 6,543 SF structure on the property
- Approved plans include a strategic unit mix and ample parking
Property Analytics
Property Profile
Current Use
Lease Details
52
Residential units
Location Intelligence
Trade Area within ½ mile
1,426
Businesses Nearby
Explore this area
Business Placement
Demographics for 07728, NJ
56,444
Population
21,150
Households
2.7
Avg Household Size
43
Median Age
46%
College-Educated
92%
High-School Grad
49.6 sq mi
ZIP Area
1,138
Density / Sq Mi
$107,042
Median Household Income
$56,824
Median Earnings
$1,941
Median Rent
$490,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully approved site for 52 residential units on an existing 6,543 SF structure.
Where is this apartment building located?
The property is located at 200 Park Avenue Freehold, NJ.
What are key features of this property?
This property features: Fully approved multifamily development site for 52 residential units on 1.47 acres; Existing 6,543 SF structure on the property; Approved plans include a strategic unit mix and ample parking
