Metro on Third Access OM

The Property

Overview

Gebroe-Hammer Associates is pleased to present Metro on Third, a unique-to-market 16-unit apartment-rental property located at 1003 Bond Street in Asbury Park, N.J. Situated within the City Center neighborhood, the two-story condominium-style property is comprised of 1 one-bedroom and 15 two-bedroom open-floorplan layouts. Select units also include two or three baths, duplexes, backyards and balconies. Apartment and community amenities range from stylish hardwood floors, eat-in-kitchens with granite countertops and stainless-steel appliances to oversized windows offering abundant natural light and on-premises assigned paved-surface parking. Located just blocks to the city’s famous Boardwalk, Metro on Third’s central positioning, as well as sustained rental demand in a neighborhood on the rise, is extremely well-poised for multi-family investment as well as significant property and rent appreciation over the long-term.

Investment Highlights

• Central location in the heart of Asbury Park, the focus of a coordinated strategic initiative emphasizing revitalization of this historic seaside municipality

• Achievement of upper-percentile competitive market-rate rents in the Shore submarket, where the apartment-rent appreciation rate is +4.9% in the past year

• Steps to NJ Transit bus service and a short distance to Asbury Station as well as connectivity to Route 71/Main Street; Routes 18, 33, 35 & 66; & the Garden State Parkway

• Six-block proximity to the famous Asbury Park Boardwalk and key historic sites such as the Paramount Theater, Convention Hall & core facilities along the surrounding waterfront

Address

1003 Bond Street
Asbury Park, NJ 07712

Location

Services

Tenant Lifestyle Amenities

Apartment-Home Units

• Gourmet eat-in-kitchens with center island, granite countertops, stainless-steel appliances (refrigerator, full-sized flat-top electric range and oven, dishwasher and microwave), glass-tile backsplash, recessed lighting and custom cabinetry
• Modern baths with all-white floor and wall tile, full sized vanities with wall mounted mirrored medicine cabinets, showers with artisan tile and/or full-sized tubs, all with contemporary glass doors
• Striking hardwood flooring throughout spacious living and gathering spaces
• In-unit full-size stackable washer/dryer

Local Highlights

• Six-block proximity to the famed Asbury Park Boardwalk, where underway restoration has focused on key historic sites
• Walk to unique local shops, eclectic cafés and gourmet restaurants, art galleries, entertainment and nightlife
• Central location in Asbury Park’s City Center, the highest appreciating neighborhood since 2000
• Greater Monmouth County amenities include Monmouth Mall, Freehold Raceway Mall, Jersey Shore Premium Outlets, Jackson Premium Outlets & Gateway National Recreation Area at Sandy Hook

Broker

About Adam Zweibel, Senior Vice President

Since joining Gebroe-Hammer Associates in 2013 as a newcomer to the multi-family investment brokerage industry, Adam Zweibel has been instrumental in dramatically expanding the firm's presence and transaction volume throughout Central and Southern New Jersey. In addition to his focus on Monmouth, Ocean, Middlesex and Camden Counties, he also represents clients whose interests extend throughout New Jersey, Pennsylvania and New York State. As a result of his intuitive analytic and problem-solving skills, Mr. Zweibel has rapidly risen through Gebroe-Hammer's ranks from Sales Associate, Assistant Vice President and Vice President to his current position as Senior Vice President. In addition, he has earned numerous firm and industry accolades. These include being named Gebroe-Hammer Associates Salesperson of the Year (2017), in recognition for tripling his sales benchmarks over the prior year and closing several prominent eight-digit sales, and an Under-40 Broker to Watch by a prominent industry trade publication. 

avatar

Adam Zweibel

Senior Vice President
Gebroe-Hammer Associates
201.953.9532 azweibel@gebroehammer.com

Gebroe-Hammer Associates

Address
2 West Northfield Road
Third Floor
Livingston, NJ 07039
Office: 973.994.4500
Fax: 973.994.9752