Apartment Building with Beach
For Sale
$1,689,000
52 Kearney Avenue, Seaside Heights, NJ 08751
Multi-Family, Seaside Heights, NJ
Property Size5,000 SF
Lot Size0.26 Acres
Price / SF$337.80
Days on Market234
Property Features for 52 Kearney Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential, Multi-Use, Multi-Family
Bedrooms
11
Bathrooms
7
Full bathrooms
6
Half bathrooms
1
Rooms
Bedroom 8, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 9, Bathroom 4, Bedroom 10, Bedroom 7, Bedroom 11, Bathroom 3, Bathroom 6, Bathroom 5, Bedroom 6, Bedroom 1, Bathroom 7, Bedroom 5, Bedroom 4, Bathroom 1
Parking features
On Street, Paved or Surfaced, Alley
Patio and Porch features
Deck
Interior features
Attic - Pull Down Strs
Exterior features
Deck, Thermal Window, Beach Access, Screens, Lighting
Fencing
Fenced
Basement
Crawl Space, Partially Finished, Walk-Out Access
Lot features
Fenced Area, Oceanside
Directions
Located at the desirable Ocean Block North End of Seaside. #52 Kearney. GO TO THE DOCUMENTS TAB FOR THE P & L
Subdivision
Seaside Heights
Standard status
Active
APN
1111111111
Size
5,000 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16000
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Multi Units, Zoned
Water source
Public
Water front
1
Amenities
outside showers
Building Details
Floors in Building
2
Number of units
5
Listing Agency:
Seaside Heights Realty Inc.
(732) 793-5200
Listed By:
Michael Loundy · License #8435976
(732) 330-6651
Added: Jan 12
Changed: Aug 31
Last Checked: Sep 3 at 7:06AM
MLS# 22601030
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.
Investment Insights
Based on property information with market context.
This 5,000-square-foot apartment property on 0.26 acres includes four rental units and a front five-bedroom, two-bath residence. The improvements feature a deck, fenced grounds, exterior showers, baseboard heat, zoned cooling, thermal windows, and pull-down attic stairs. Public water and public sewer serve the property.
Located in Seaside Heights, the property has beach access and is within walking distance of the boardwalk, rides, amusements, and shopping. The address is on Kearney Avenue, with access from Parkway Exit 82. The source information also places the property 1 Hr from NYC, Atlantic City, and Philadelphia.
Parking features include on-street, alley, and paved or surfaced parking. The building’s layout supports a combination of rental accommodations and owner occupancy within a shore-area multifamily setting.
Located in Seaside Heights, the property has beach access and is within walking distance of the boardwalk, rides, amusements, and shopping. The address is on Kearney Avenue, with access from Parkway Exit 82. The source information also places the property 1 Hr from NYC, Atlantic City, and Philadelphia.
Parking features include on-street, alley, and paved or surfaced parking. The building’s layout supports a combination of rental accommodations and owner occupancy within a shore-area multifamily setting.
Key Highlights
- Four rental units plus a front 5‑bedroom/2‑bath residence
- 5,000 Square Feet on 0.26 acres
- Beach access with walkability to the boardwalk, rides, amusements, and shopping
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,890
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,537,800
$1.5M
Cap Rate 7%
$1,098,429
$1.1M
Cap Rate 9%
$854,333
$854.3K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$150.0K $30.00/SF
− Vacancy
−$10.2K −$2.04/SF
EGI
$139.8K $27.96/SF
− OpEx
−$62.9K −$12.58/SF
NOI
$76.9K $15.38/SF
Area
Ocean County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,537,800
Cap Rate 7%
$1,098,429
Cap Rate 9%
$854,333
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$961.1K – $1.28M
NOI $76,890 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 08751, NJ
3,867
Population
5,319
Households
0.7
Avg Household Size
48
Median Age
39%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$75,000
Median Household Income
$52,273
Median Earnings
$1,437
Median Rent
$583,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property combines four rental units with a five-bedroom, two-bath residence near the beach and boardwalk.
Where is this apartment building located?
The property is located at 52 Kearney Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $1,689,000.
What are key features of this property?
This property features: Four rental units plus a front 5‑bedroom/2‑bath residence; 5,000 Square Feet on 0.26 acres; Beach access with walkability to the boardwalk, rides, amusements, and shopping
