Madison Commons Condos Red Bank has a total of about  40 one - two bedroom garden apartment  condominiums built in the early 1950's. The 1 bedroom apartments  range about 550 sq. ft. + - the 2 brs range about 850 sq. ft. on average. Some of the units include a deed garage. It is located close to Red Bank. FYI...The maintenance fee INCLUDES HEAT AND HOT WATER!