The Element Red Bank, New Jersey

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% Fee Interest in The Element for sale.

The Element, located at 55 W Front Street, Red Bank, New Jersey, for sale. The asset consists of 35 Apartments overlooking the majestic Navesink River on 0.746 Acres with ~130 feet of frontage on West Front Street and Riverside Garden Park. The property, completed in 2019, features 16 one-bedroom units and 19 two-bedroom units. The property’s unbeatable views, downtown location, proximity to the NJ Transit Train Station, and luxurious in-unit finishes contributes to the consistently strong demand in the market.

The unique combination of best-in-class location, premium finishes, and “boutique” feel is unmatched in Red Bank and allows for units at The Element to achieve a rental premium compared to its peers. Additionally, assumable 3.75% long-term HUD Financing is available. An investor has the option to assume the debt or obtain a new loan.

Investment Highlights