Showing posts with label Asbury Park Real Estate. Show all posts
Showing posts with label Asbury Park Real Estate. Show all posts

Tuesday, March 15, 2011

12,000 sq ft Asbury Park Warehouse for Sale

If you are looking to move an existing business or start a new one, Asbury Park, New Jersey may be what you're looking for.

Gilman Commercial Realty LLC is marketing a 12,000 sq ft flex space - warehouse in Asbury Park. They reduced the price to $899,000 for this one of a kind space.

The building is 100x120 and a 1/2 + acre lot (150 x 150). The building located at 1411 Memorial Drive is on the corner of 6th Ave.

The building was originally built as the distribution and warehouse facility for Breyer and Castle Ice Cream Brands. Ground level drive in, interior loading dock runs length of warehouse. High ceilings, gas heat. Masonary walls and roof construction.

Do anything here. Medical, Studio, Theatre, Office, High Tech, Church, Gym, Educational, Retail, Distribution, Showroom.

A great building. A a great city.

Contact:
David Dorfman
Gilman Commercial Realty LLC
732-517-0088 office
732-539-2914 cell

Friday, January 04, 2008

Esperanza At Asbury Park Offering Refunds

On December 28, I noted that as of that date, there was no word from Metro Homes LLC and those who had deposits on units at The Esperanza at Asbury Park.

However, while this writer has not heard from Metro (not that they have to tell me...), they have communicated with several of those who asked about the status of their deposits.

There is GOOD news. Metro Homes LLC has offered to return deposits to those that request it regardless. That is, Metro is still looking to complete this project and arrange financing to do so. They are still considering this a "temporary" work stoppage - and therefore not legally obligated to return those deposits. This is what I have heard from several of those who placed deposits and were real concerned that their deposit money would disappear.

We're awaiting some official word on what will happen with The Esperanza at Asbury Park. There is lots of talk on how it will be completed - and by whom.

Stay tuned.


After All, THIS is Asbury Park.

Join the fun, the excitement and challenge of this City by the Sea.

Saturday, December 29, 2007

So Far NO Refunds for The Esperanza Buyers

As of December 28, 2007, those who have placed a deposit on The Esperanza in Asbury Park do not know the fate of the those deposits.

On December 9, 2007, Dean Geibel, President of Metro Homes LLC, the developer closed the sales office and stopped construction on the two-building complex of 224 units. Citing market conditions, he called it a "temporary" situation.

According to published reports, up to 70 contracts were placed on units. What disturbs some is that a day or two before the announcement, Mr. Geibel announced "the largest sale or a single family residence in Asbury Park...$2.6 million..". Prior to that announcement, he announced that musician John Oates purchased a unit for over $600,000. The musical team of Hall & Oates were so happy, they even snuck in a concert at the partially restored (thanks to Madison Marquette) Paramount Theatre on December 7, 2007. Then, jsut TWO days later - the sudden shift.

So there you have it, contractors, sales staff, the city and those who believe in the the new Asbury Park - were all left wondering - now what?

As for those who put down around 10% deposit for their unit, Mr. Geibel was kind enough to make this statement, "Geibel said the money people put down on their units is being held in escrow. "It's too early to decide how they'll be impacted," he said.

Now, what the &)$% does that mean? Is the Esperanza going to be built - 2008, 2009, 2010? Will Metro Homes be the builder? Have some of these "deposits" been spent (one attorney noted that their (Metro) contracts permitted this - smart attorneys protected their client's deposits - to some degree.

Mr. Geibel delivered a wonderful dream to the City of Asbury Park and to, according to Mr. Geibel, "almost 70.." buyers. Now the City has asked him for further details on the stalled project.

Those with deposits on the units are asking as well. Metro Homes LLC did not, as of this date, communicate with any of those with deposits.

Asbury Park has seen it all. Asbury Park will continue on with or without The Esperanza, Metro Homes or Mr. Geibel.

The City of Asbury Park is filled with opportunities - single family homes, lots of existing and new condos, apartments, businesses and good people who were here BEFORE the Esperanza was announced.

The Berkeley Hotel has been renovated and is open. Madison Marquette took over cleaning up the boardwalk buildings. And more importantly - lots of "little" people have done the rest.

Mr. Geibel, return those deposits to those that have asked for it back. These people have a vision as well - and that vision is their spot in Asbury Park.

You have moved on. Let those with deposits move in.

In Asbury Park.

By David Dorfman
Licensced NJ Real Estate Agent
email:apboardwalk@yahoo.com
See asburyboardwalk.com/asburyparkrealestate.htm for more info on Real Estate in Asbury Park.

Publisher of asburyboardwalk.com
*no affiliation with the City of Asbury Park nor Asbury Partners

Thursday, July 05, 2007

Asbury Park Real Estate

July 4, 2007: Asbury Park, New Jersey. David Dorfman, publisher of asburyboardwalk.com is introducing a new website focusing on the Asbury Park Real Estate market. Dorfman said the new site, ASBURYPARKREALESTATE.com, is currently in development but can be viewed at http://www.asburyparkrealestate.com. The site will feature a link to the local MLS (Multiple Listing Service) as well as feature properties marketed by Dorfman as an agent for Gilman Commercial Realty LLC.

While Dorfman specializes in Commercial Real Estate, his love for the City of Asbury Park and the potential market opprotunity, Dorfman will help interested buyers in the city. He recently marketed and sold Railroad Plaza, located at 100 Memorial Drive in the city.

For further information on Asbury Park Real Estate commercial or residential opportunities, please contact:
David Dorfman
gilman Commercial Realty LLC
708 Highway 35
Asbury Park Circle
Neptune, NJ 07753

Office: 732-517-0088
Mobile: 732-539-2914
Email: apboardwalk@gmail.com

Wednesday, May 02, 2007

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