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Three-Level Office Building

22 West Street Red Bank, NJ 07701

Claim this Listing
Pending
$895,000

COMMERCIAL - Red Bank, NJ

Property size:
2,976 SF
Added:
Jan 27, 2026
Days on Market:
166
Last Refresh:
Jul 12 at 3:06 am

Property Features for 22 West Street

General Information

Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking
8
Parking features
Guest
Security features
Security System
Exterior features
Lighting
Basement
Full
Standard status
Pending
APN
39-00036-0000-00019
Size
2,976 SF

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
16745

Utilities

Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public

Building Details

Year built
1920
Floors in Building
3
Flooring type
Wood, Tile
Building materials
Brick
Roof type
Shingle

Listing agent Vincent Gogliormella

Listing office Heritage House Sotheby's International Realty 38 Main Street, Holmdel, NJ

Listing date Jan 27, 2026

MLS# 22602415

Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This three-level office building offers a flexible, professional layout with office space configured across all floors. The first and second floors feature eight spacious offices total (four per floor), with versatile partitions designed to maximize individual workspaces while maintaining overall flow. The third floor includes two additional private offices suited for quieter work. A large conference room on the second floor supports meetings and collaboration, and a kitchen on the second level provides employee breakroom space. Bathrooms are located on both the first and second floors, and the property includes a full basement for additional storage.

Located at 22 West Street in Red Bank, New Jersey, the building includes a private lot with parking for eight vehicles, complemented by convenient street parking for guests.

Key Highlights

  • Prestigious Red Bank address, enhancing business image and client perception.
  • Flexible layout with three levels of prime office space.
  • Eight spacious offices across the first and second floors, adaptable for various workspace configurations.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $89.3k $30.00
− Vacancy −$28.6k −$9.60
EGI $60.7k $20.40
− OpEx −$15.2k −$5.10
NOI $45.5k $15.30
2,976 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$650.5K
$569.2K – $758.9K (±1% cap)
NOI $45,533 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.1K
$680.0K – $906.6K (±1% cap)
NOI $54,397 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

FAQs

What type of property is this?
Office building - Three-level office building with a private lot for eight vehicles, plus a conference room and kitchen on the second floor.
Where is this office building located?
The property is located at 22 West Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Prestigious Red Bank address, enhancing business image and client perception.; Flexible layout with three levels of prime office space.; Eight spacious offices across the first and second floors, adaptable for various workspace configurations.
Contact an agent
More about this property
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