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Luxury Apartment Building at Holmdel 979 Palmer Ave 60 Unit Apartment Building $36,922,714 CAD ($615,379 CAD/Unit) 6.47% Cap Rate Holmdel, NJ 07733
Investment Highlights
- Top-rated Holmdel public school district
- Walkable, transit-oriented downtown nearby
- Features a golf-simulator lounge
- 60 minutes to Manhattan by rail
- 15-minute drive to the Jersey Shore beaches
- Features a private wine room
Executive Summary
Rising on 6.73 landscaped acres at 979 Palmer Avenue, the Property is a 60-residence luxury apartment building bringing a country-club standard of living to highly desirable Holmdel.
Property Facts
| Price | $36,922,714 CAD | Building Class | B |
| Price Per Unit | $615,379 CAD | Lot Size | 6.73 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| Cap Rate | 6.47% | Building Size | 50,000 SF |
| No. Units | 60 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2027 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Apartment Style | Mid-Rise |
| Price | $36,922,714 CAD |
| Price Per Unit | $615,379 CAD |
| Sale Type | Investment |
| Cap Rate | 6.47% |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 6.73 AC |
| Construction Status | Under Construction |
| Building Size | 50,000 SF |
| No. Stories | 4 |
| Year Built | 2027 |
| Parking Ratio | 1.14/1,000 SF |
Amenities
Site Amenities
- Business Center
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Tenant Controlled HVAC
- Gameroom
- Package Service
- Storage Space
- Bicycle Storage
- Conference Rooms
- Elevator
- Lounge
- Pet Washing Station
- Key Fob Entry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 60 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
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Videos
Matterport 3D Exterior
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Photos
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Luxury Apartment Building at Holmdel | 979 Palmer Ave
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