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Newer Apartment Building with Storage

33 Union Avenue, Manasquan, NJ 08736

For Sale
$10,995,000

Newly completed 23-unit building offers mostly two-bedroom layouts with in-unit stackable washers and private storage.

Property SizeContact for details
Days on Market304

Property Features for 33 Union Avenue

General Information

Standard status Active
Property subtype Commercial

Additional Details

Multifamily Units 23

Building Details

Year Built 2024
Listing Agency: Ward Wight Sotheby's International Realty
Listed By: Keith W Kernan · License #0560338
Source: Actionplusrealty
Added: Jan 10 Changed: Nov 8 Last Checked: Nov 8 at 6:52AM

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 Ward Wight Sotheby's International Realty

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Investment Insights

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The Reef is a 23-unit apartment building completed in 2024, offering one- and two-bedroom residences, with most units configured as two bedrooms. Unit sizes range from approximately 772 to 1,363 square feet. Interior finishes are described as high-end, including custom kitchen layouts with full stainless steel appliance packages. In-unit laundry is provided with stackable washer and dryer units. Balconies are available in some units, and every unit includes a private, lockable storage unit, supporting tenant convenience and organization.

The property is located in-town in Manasquan and is approximately 1.3 miles from the Manasquan beaches. It is also described as being in close proximity to NJ Transit, with rail transportation to North Jersey and NYC, connecting residents to regional employment and travel options.

For buyers or operators seeking a newer multifamily asset in Manasquan, The Reef presents a relatively contemporary unit mix with modern kitchen and laundry features and consistent storage across all units. The presence of balconies in select apartments adds a lifestyle component for tenants, while the range of one- and two-bedroom layouts can help accommodate different household needs within a single ownership platform.

Key Highlights

  • Newly completed 23‑unit apartment building built in 2024
  • Unit mix features one- to two‑bedroom apartments, mostly two‑bedroom layouts, about 772 to 1,363 SF
  • All units include in‑unit stackable washer/dryer and private lockable storage units

Property Analytics

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Lease Details

23
Residential units

Location Intelligence

Trade Area within ½ mile

1,017
Businesses Nearby

Demographics for 08736, NJ

12,566
Population
6,155
Households
2
Avg Household Size
49
Median Age
70%
College-Educated
99%
High-School Grad
4.7 sq mi
ZIP Area
2,674
Density / Sq Mi
$170,042
Median Household Income
$72,924
Median Earnings
$1,838
Median Rent
$849,800
Median Home Value
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Market

Average Price Trend$/SF for Apartment buildings in Monmouth County, NJ

$544 Jul
$556 Aug
$444 Sep
$431 Oct

Properties on Market for Apartment buildings in Monmouth County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Newly completed 23-unit building offers mostly two-bedroom layouts with in-unit stackable washers and private storage.
Where is this apartment building located?
The property is located at 33 Union Avenue Manasquan, NJ.
What is the asking price?
The asking price for this property is $10,995,000.
What are key features of this property?
This property features: Newly completed 23‑unit apartment building built in 2024; Unit mix features one- to two‑bedroom apartments, mostly two‑bedroom layouts, about 772 to 1,363 SF; All units include in‑unit stackable washer/dryer and private lockable storage units
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