From the NY Post:
On the hunt for a nifty summer pad? Perhaps head south — to the Jersey Shore, that is.
Asbury Park — an edgy-cool seaside town about 60 miles from midtown Manhattan — is in the midst of an urban renewal led by artists and real estate development.
And in the latest chapter of the enclave’s renaissance, the 34-unit Monroe condominium — a luxe four-story structure located minutes from the boardwalk, as well as the city’s downtown — launches sales on Friday, March 11, The Post has exclusively learned.
The property, which will be completed in September, will house one- through three-bedroom apartments, whose interior measurements span 700 to 1,600 square feet. Prices will range from $445,000 to $1.2 million, and each pad will come with private outdoor space, open floorplans and laundry machines.
“I think it’s clearly a value play when you consider the area against almost everything in the marketplace,” says Douglas Elliman’s Neal Sroka, whose team is handling Monroe’s sales and marketing, of Asbury Park’s pricey surroundings (think: Deal, N.J., a ritzy neighboring town).
Monroe will make its launch at an event in Miami, and there’s a special nod to buyers in the market for their second or third homes. Why not invest in an up-and-coming area?
“Real estate in New York City has gotten very expensive, real estate in Long Island is incredibly expensive, and I think people see the Jersey Shore as an alternative because … their money can go further,” says architect Chad Oppenheim, who not only handled the building’s design but also grew up 25 minutes from Asbury Park.