428 Main Street, Asbury Park, NJ 07712
- Added:
- Jun 19, 2024
- Days on Market:
- 721
- Last Refresh:
- Jun 9 at 5:06 pm
Property Features for 428 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Basement
- Partial
- Standard status
- Pending
- APN
- 04-02506-0000-00010
- Size
- 7,062 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 17461
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
Listing agent Patrick Schiavino License #0454705 (732) 798-8188
Listing office Sackman Realty 513 Cookman Ave., Asbury Park, NJ (732) 798-8188
Listing date Jun 19, 2024
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location in the Central Business District of Asbury Park with high traffic and great visibility.
- Opportunity to acquire both a building and a long‑established, successful hardware store business (40+ years).
- Vacant 3,534SF second floor ready for development into residential, office, service, or medical space.
- Flexible space: Second floor can be combined with the first floor for expansion.
- Includes both central air cooling and forced air heating.
- Public water and sewer services.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $211.9k | $30.00 |
| − Vacancy | −$67.8k | −$9.60 |
| EGI | $144.1k | $20.40 |
| − OpEx | −$36.0k | −$5.10 |
| NOI | $108.0k | $15.30 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- flowerchildflorals — 21 Main Street Asbury Park, Ocean Township, NJ
Map
- City
- Asbury Park
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.012362
- Latitude
- 40.217935
