37 Riverside Ave, Red Bank, NJ 07701

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 37–49 Riverside Avenue, Red Bank, New Jersey 07701 for sale. The offering comprises a rare assemblage of four buildings totaling 11,176 square feet of rentable area situated on 0.62 acres, currently 100% occupied by a diversified tenant mix of nine occupants, including eight residential apartments and one office user. The asset is prominently positioned in the heart of Downtown Red Bank, one of New Jersey’s most vibrant and supply-constrained commercial and residential markets, known for its walkable downtown, strong tenant demand, and proximity to transit, dining, and entertainment.

The property presents a highly flexible investment opportunity suitable for a wide range of buyer profiles. Investors may pursue a value-add strategy through phased building renovations and the ability to re-lease units at prevailing market rents, capitalizing on Red Bank’s strong rental fundamentals and limited new supply. Alternatively, the assemblage offers redevelopment potential into a modern multifamily project, leveraging the irreplaceable downtown location and larger land footprint relative to surrounding properties. With in-place income, multiple execution paths, and a premier location along the Navesink River corridor, 37–49 Riverside Avenue represents a compelling opportunity to acquire scale and optionality in one of Central New Jersey’s most desirable downtown environments. In Place NOI for the entire asset is $185,726.