A resident of the new Cedar Crossing housing development was arrested and charged with mugging a man on a nearby street corner earlier this month, Red Bank police announced Friday.

Niko Rossano, 20, was arrested Wednesday on charges he struck the victim in the face and stole his wallet in an early morning robbery in the area of Leighton Avenue and Bank Street on September 16, Captain Darren McConnell tells redbankgreen.

Rossano was ordered held on $100,000 bail at the Monmouth County Correctional Institution, McConnell said.

The crime was originally reported as the work three assailants. But McConnell said an investigation by Detective Wendy Samis led to the identification of all three suspects, and a determination by police that only Rossano was involved in the assault and robbery.

The victim was treated and released from Riverview Medical Center, McConnell said.