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Massey Knakal Retained Exclusively To Sell Properties In Red Bank


Massey Knakal Realty Services has been retained on an exclusive basis to sell a multifamily complex at 208-212 Shrewsbury Avenue and a mixed-use building at 40-42 Broad Street in Red Bank, New Jersey.

40-42 Broad Street, located at the intersection of Broad and White Streets in downtown Red Bank, is a three-story mixed-use building.  It contains approximately 8,800 square feet and sits on a 33’ x 94’ lot.  Formerly the Register Building, it is a landmark building.  Fully-occupied, it consists of a retail space on the ground floor, two offices on the second floor, and three New York loft-style residential units on the third floor.  The property features a long history of stabilized tenants, a regional/corporate retail tenant, and a prime Broad Street location next to Starbucks.  The asking price is $3,000,000.

208-212 Shrewsbury Avenue, located between Catherine and River Streets, is an eight-unit fully-occupied multifamily property that contains approximately 6,000 square feet on a 10,800-square foot lot.  It consists of two one-bedroom, four two-bedroom, and two three-bedroom units, all individually metered for electric, gas, and water.  Two units have separate entrances and there is ample on-site parking in the rear lot.  Located in Red Bank’s trendy west side, this property is in walking distance to restaurants and shopping and it is just blocks from the Red Bank train station.  The asking price is $1,300,000.

The properties are conveniently located in close proximity to Route 35, CR-520, Garden State Parkway, public transportation options to New York City as well as miles of New Jersey beaches.  They are being marketed exclusively by Massey Knakal’s Kim Kretowicz.

10/08/2014 - 09:26


Cushman & Wakefield Capital Markets Group New York

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