The Monroe Morristown, New Jersey

As exclusive agent, Cushman & Wakefield is pleased to offer 100% fee interest in The Monroe for sale. Located in the heart of Morristown, this offering represents the opportunity to acquire a 148 unit, mixed use property with fully leased ground level retail and additional rental upside. The Property gives potential investors the chance to offer both a rent discount to newer communities, as well as achieve a premium available through strategic unit renovations.

Constructed in 2002, this 6 & 9-story luxury apartment building is comprised of 14 studio, 98 one-bedroom and 36 two-bedroom units. The property also includes 6,022 SF of ground level fully leased retail space. The units offer attractive features such as stainless-steel appliances, in-home washer & dryers, and walk-in closets, to name a few. The Property also offers a wide range of amenities including a rooftop deck, outdoor grilling station, fitness center, and a resident lounge.

Morristown has emerged as one of the preferred suburban addresses for the New Jersey’s young and affluent given its exciting 24/7 lifestyle, over 150 restaurants and bars, and connectivity to the numerous blue-chip employers located throughout Morris County.

Investment Highlights