Investment Overview

The Eider Group at Marcus & Millichap is pleased to present The Vibe at Norwood, an exclusive residential redevelopment located in the heart of Deal, Monmouth County, New Jersey. The Vibe at Norwood is undergoing a mid-process rebuild to convert the existing 12 residential units into luxury condominiums. The property features newly framed walls and offers fully approved plans and permits for a complete renovation as a multifamily building. The current owner is actively working towards condominium registration. The Vibe at Norwood is not just a place to live—it's a year-round lifestyle. Nestled in the vibrant Deal community. The Vibe at Norwood’s strategic location next door to Midrash Elyon, and within walking distance to community centers like Beit Yosef, Sephardic Community Alliance Minyan, and Edmond J. Safra Synagogue. The property is also close to the Deal Synagogue, Elberon Station, and popular local spots such as DSN Beach Club, Primavera Restaurant, Dougie’s, Sara's Tent, Ouri's Market, Slices, and Teva. Additionally, the property is conveniently located close to the Elberon station on the North Jersey Coast Line, providing easy transportation options for residents. Despite being just a few blocks from the beach and Ocean Avenue, the property’s convenience and prestige make it even more desirable than beachfront properties. Residents enjoy the tranquility of being slightly removed from the tourist-heavy beach areas while still having swift access to the ocean and the vibrant town center. With proximity to parks, recreational facilities, and community events, the property ensures an engaging lifestyle for its residents.