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    501-505 New York Ave North Wildwood, NJ 08260

    For Sale
    $3,395,000

    Commercial/Industrial - North Wildwood, NJ

    Days on Market:
    53
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 501-505 New York Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-2
    Interior features
    Elevator Pass, Living Space Available
    Accessibility
    Accessible Elevator Installed

    Utilities

    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Central Air, Wall Unit(s)

    Building Details

    Building materials
    Frame
    Architectural style
    Other

    Keller Williams Realty Jersey Shore (609) 522-3322 [email protected]

    Listing agent Paul F. Chiolo (609) 522-3322 License #8742328

    Listing date Oct 22, 2025

    MLS# 251285 Listing URL

    Copyright © 2025 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Full Block Investment Opportunity

    This expansive property, situated in a prime North Wildwood location, spans an entire city block, encompassing approximately 25,000 square feet. The property includes 505 New York Avenue, which features 9 rental units: one five-bedroom unit, one three-bedroom unit, four two-bedroom units, and three one-bedroom units. Eight of these nine units are currently rented year-round, generating a steady income stream. Additionally, the offering includes 501 New York Avenue, a well-maintained duplex containing two spacious three-bedroom units. The property boasts 200 feet of frontage on New York Avenue, 150 feet along 6th Street, and 100 feet on 5th Street. This property is zoned R-2 and presents a unique opportunity for investors seeking immediate cash flow or developers envisioning a transformative project.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Restaurant Realty agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Wildwood
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.7978894
    Latitude
    39.0064222

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    FAQs

    What type of property is this?
    Apartment building - Rare full-block property with immediate income potential in North Wildwood.
    Where is this apartment building located?
    The property is located at 501-505 New York Ave North Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $3,395,000.
    What are key features of this property?
    This property features: - Full city block property (approximately 25,000 sq ft) in a prime North Wildwood location.; - Significant income potential with 9 rental units at 505 New York Avenue, 8 of which are currently rented year-round.; - Includes a well-maintained duplex at 501 New York Avenue with two spacious three-bedroom units.
    (609) 522-3322
    Request Owner's contact information
    501-505 New York Ave North Wildwood, NJ 08260
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    North Wildwood, NJ 08260
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501-505 New York Ave North Wildwood, NJ 08260
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