Neuhaus Realty Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
Neuhaus Realty Inc.
979 Palmer Avenue, Holmdel, NJ 07733
Offering Memorandum

Luxury Apartment Building at Holmdel

979 Palmer Avenue, Holmdel, NJ 07733 · Monmouth County

$26,500,000MLS# 22625261 · Commercial Sale
60
Luxury residences
4
Story low-rise
2027
Delivery
6.73
Acre site
01 · Executive Summary

A country-club standard of living in Holmdel

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. The four-story, single-building community pairs one- and two-bedroom residences with resort-grade amenities — from a golf-simulator lounge and private wine room to a fitness center, co-working suites and a resident market.

Holmdel offers proximity to NYC, Red Bank and the shore points, with beaches, walkable downtowns and the Hazlet train station all a short trip away. The 565-acre Holmdel Park, the PNC Bank Arts Center, and the reimagined Bell Works “Metroburb” are all within a ten-minute drive — placing the everyday extraordinary at residents’ doorstep.

With twelve affordable residences and a top-tier school district, the Property is positioned to capture sustained rental demand in one of Monmouth County’s most affluent submarkets.

Top-Tier Public Schools

Holmdel Township School District — among New Jersey's highest-rated.

60 Minutes to NYC

Hazlet rail and the Belford high-speed ferry put Manhattan within easy reach.

Walkable, Transit-Oriented

Minutes to Bell Works, Red Bank and the county's walkable downtowns.

15 Minutes to the Beach

Sandy Hook and the Jersey Shore's ocean beaches are a short drive away.

02 · The Building

Classic architecture, composed for Holmdel

Street elevationResidential approachFront elevation & parkingGolf Simulator Lounge
03 · The Film

Tour the property

04 · Property Description

Property details

Address
979 Palmer Avenue, Holmdel, NJ 07733
County / Municipality
Monmouth / Holmdel
Land area
6.73 acres
Anticipated completion
2027 — under construction
Number of floors
4-story low-rise
Number of residences
60 (12 affordable)
Number of buildings
1
Parking
57 garage spaces + on-site
Rentable area
51,915 sq ft
Elevators
1
Heating & cooling
P.T.A.C.
Laundry
In-unit
Construction
VA over 2A · masonry & siding
Sprinklers
NFPA 13
Architect
MWT Architects
MLS#
22625261
05 · Unit Mix

60 residences · 51,915 sq ft

LayoutUnitsAvg SFPro forma
1 Bedroom21724$3,200
1 Bedroom2840$3,460
1 Bedroom2705$3,150
2 Bedroom151,023$4,260
2 Bedroom21,085$4,400
2 Bedroom61,098$4,360
Affordable12619–1,023$1,208
Totals6051,91512 affordable
Financial snapshot · pro forma
Gross potential rent
$2,325,312
Effective gross income
$2,442,153
Total operating expenses
$728,000
Net operating income (pro forma)
$1,714,153
Asking price
$26,500,000

Disclaimer · All income and operating-expense figures shown are pro forma estimates for the completed building and have not been independently verified. Actual results will vary. Property taxes reflect an estimated post-construction assessment. Prospective purchasers should conduct their own due diligence.

06 · Amenity Spaces

Resort-grade amenities

Community amenities

  • Resident Clubroom & Lounge
  • Golf Simulator Lounge
  • Private Wine Room
  • Fitness Center & Yoga Studio
  • Co-Working Suites
  • Conference Center & Work Pods
  • Resident Market & Coffee Bar
  • Entertaining Kitchen & Social Lounge
  • Chef's Bar & Pantry Bar
  • Grand Lobby
  • Dog Wash
  • Bike Storage & Storage Lockers
  • Garage Parking
  • Package Room
  • Landscaped Courtyard

In-residence features

  • In-Unit Washer & Dryer
  • Quartz Countertops
  • Designer Wood Cabinetry
  • Stainless Steel Appliances
  • Wide-Plank Flooring
  • Tiled Bathrooms
  • Private Balconies
  • Large Unit Sizes
  • Keyless Smart Entry
07 · Gallery

Every space, in detail

22 renderings of the residences, amenity floors and grounds. Select any image to view it full size.

08 · Location & Access

City access, shore calm

Central Holmdel keeps Manhattan, the airports and every shore town within easy reach — by car, rail, or the high-speed Belford ferry. The Property sits just off Route 35, minutes from the Garden State Parkway.

Route 35
0.2 mi
Route 36
1.5 mi
Belford / Harbor Way Ferry
3.3 mi
Hazlet Train Station
3.7 mi
Garden State Pkwy (Exit 114)
8.4 mi
PNC Bank Arts Center
10 min
Nearest major beach
15 min
New York City
40 mi
09 · The Holmdel Market

One of Monmouth County's most affluent submarkets

Holmdel is a quiet, affluent suburban community with an excellent school system, set between New York City and the Jersey Shore. More than 9,000 renter households sit within five miles, anchored by high-spending local employment at Bell Works, IFF and Hackensack Meridian Health Bayshore.

$165K
Holmdel median household income
9,120
Renter households within 5 miles
$3,241
Median gross rent, Holmdel
43K
Workers within 5 miles

2025 estimates · U.S. Census / ACS.

Arrange a property tour

A rare Monmouth County offering.

Exclusively presented by Neuhaus Realty Inc. — est. 1969. Request the full offering memorandum or arrange a private tour.

Neuhaus Realty
Michele Weidmyer
Neuhaus Realty Inc. · 103 Maple Avenue, Red Bank, NJ 07701
732-946-2911

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Confidentiality & Disclaimer

Confidentiality & Disclaimer

This document has been prepared by Neuhaus Realty Inc. for the sole purpose of introducing the Property to qualified prospective purchasers and investors. It offers a general overview only and is not intended to provide every detail a recipient may need when evaluating the Property. While the material presented draws on sources we consider dependable, none of it has been independently audited, and we make no promise as to its accuracy, completeness, or suitability for any specific purpose.

Certain statements in these pages look ahead rather than back — projected rents, expenses, returns, and timelines all rest on assumptions about the economy, the leasing market, and conditions that may shift over time. Actual results may differ. Figures relating to acreage, square footage, unit counts, and similar measures should be read as close approximations rather than exact quantities.

Where leases, plans, or other agreements are referenced, they appear in condensed form and should not be relied upon as full or final descriptions. Qualified parties will be given the chance to review complete documentation and to inspect the Property directly. Each recipient is encouraged to verify every figure independently and to seek its own legal, tax, and financial counsel before acting.

Any decision made in reliance on this material is taken entirely at the recipient's own risk. The Owner may, at its discretion and without notice, decline any interest expressed or end discussions at any stage. No obligation binds the Owner or Neuhaus Realty Inc. unless and until a definitive written agreement has been signed and delivered by the Owner.

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