Asbury Park Real Estate

Asbury Park, New Jersey - May 1, 2007.

Real Estate Sales in Asbury Park remain steady. David Dorfman, publisher of the website asburyboardwalk.com and Real Estate Agent for Gilman Commercial Realty LLC recently noted the following on the real estate market in Asbury Park, New Jersey. All information is subject to change and information obtained from the Monmouth County MLS system, tax records and conversations with other professionals.

There are numberous units available for sale or for rent in Asbury Park. From several new developments to condo conversions - prices from $149,000 for a studio to onver $2m in the under construction Esperanza.

1. The Esperanza - 2 towers built on the Ocean at 4th Ave. 224 Units in total. PRices for a 1 bedroom begin at $385,000 up to over $2m for larger, ocean front units. The average 2 bedroom or 2 bedroom with den begin around $580,000. This project is under contruction and is expected to be completed in the fall of 2008.

2. Northbeach - 3 complexes: The Seville, The Monterey and the Barcelona. 154 units total. Approximately 17 units remain in addition to resales and rentals. Units from $450,000 to $1.3m. Rentals from $2000 per month.

3. Wesley Grove - Built along Wesley Lake facing Ocean Grove and Cookman Avenue. The link from downtown Asbury Park to the Boardwalk. Phase I consists of 91 units. Approxiamtely 41 have been sold. Rental units available from $2000 per month. Occuppancy August of 2007.

4. Downtown Asbury:
a) The Blu - 24 units from $450,000. Southbeach style in downtown.
b) The Mattison - units from $450,000
c) The Grande - converted former Jersey Central Power and Light company building. Rentals from $2,000 and resales.

5. The Steinbach - Historic renovation of a former department store. 63 units. RENTALS from $1350 per month to $2850 per month. Ground floor retail.

6. Ocean Arms (4th Ave), Shoreview (4th Ave), Park Terrace, Deal Lake Village (North Asbury) - converted apartments to Condos from $149,000.

7. The Esplande - An original condo buildng on Sunset Ave. Lake and Ocean views from upper floors.

8. The Bradley - Converted large home to 13 units. Rentals (from $2,000) to resales (from $450,000).

There are plenty more of opportunities in Asbury Park.

Please contact:
David Dorfman
Gilman Commercial Realty LLC
708 Hwy 35, Neptune NJ
(On the Asbury Circle)

732-539-2914