5/1/2008Morgan Properties offering N.J. apartments for $34.5M
by Chad King |
| The Glen Ellen Apartments |
King of Prussia, Pa.-based
Morgan Properties is selling a 228-unit portfolio of multi-family properties in Long Branch, N.J., with an asking price of $34.5 million.
Joseph Brecher and Steve Follman of
Gebroe-Hammer Associates are marketing the portfolio.
The 14-acre portfolio is comprised of the Glen Ellen Apartments, the Edgewater Garden Apartments and the Ocean Terrace Apartments.
The Glen Ellen complex is located at 73 Cedar Ave. and contains eight two-story buildings with 92 one-bedroom and two-bedroom units. The Edgewater Garden Apartments are located 762 Greens Ave. and feature four buildings with 72 units.
The Ocean Terrace Apartments are comprised of a single-story building at 752 Ocean Ave. The 44-unit apartment complex contains one-bedroom units only.
The final property in the portfolio is the Monmouth Beach Village Apartments at 108 S. Cookman Ave. The 20-unit property is comprised of a one two-story building.
Address: Glen Ellen Apartments at
73 Cedar Ave., Long Branch, N.J.
- Edgewater Garden Apartments at
762 Greens Ave., Long Branch, N.J.
- Ocean Terrace Apartments at
752 Ocean Ave., Long Branch, N.J.
- Monmouth Beach Village Apartments at
108 S. Cookman Ave., Long Branch, N.J.
Size: 228 units
Filed Under: Multi-Family | | |
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