Brand New Duplex with Separate
10 Farry Street Lakewood, NJ 08701
10 Farry Street, Lakewood, NJ, 08701
$1,199,000
For Sale
$1,199,000
SINGLE_FAMILY - Colonial - Lakewood, NJ
Property Size3,114 SF
Price / SF$385.04
Days on Market40
Property Features for 10 Farry Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 4, Basement, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 5
- Patio and Porch features
- Deck
- Interior features
- Attic - Walk Up, Ceilings - 9Ft+ 1st Flr
- Basement
- Full, Finished, Walk-Out Access
- Standard status
- Active
- APN
- 15-01086-0000-000005
- Size
- 3,114 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned
- Cooling system
- Zoned
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Building materials
- Stone, Aluminum Siding
- Roof type
- Shingle
- Architectural style
- Colonial
Listing Agency
Waxman Realty
(732) 363-0300
1600 Forest Avenue, Lakewood, NJ
Listed by
Yechezkel Goldberger
(732) 363-0300
Added: Jun 10 Checked: Jul 19 at 4:06 am
MLS# 22617476
Listing URL
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.
Welcome to Evergreen Gardens, a brand new 29' wide duplex by Gefen Construction. The property offers over 3,100 square feet plus a rough attic, with a full finished basement that includes a separate entrance. Many upgrades are included throughout.
Located at 10 Farry Street in Lakewood, New Jersey 08701, in Ocean County.
This duplex is configured with substantial interior space, including the finished basement and additional attic area, designed to support flexible day-to-day use within the residence.
Located at 10 Farry Street in Lakewood, New Jersey 08701, in Ocean County.
This duplex is configured with substantial interior space, including the finished basement and additional attic area, designed to support flexible day-to-day use within the residence.
Key Highlights
- Brand new 29' wide duplex under construction by Gefen Construction, built in 2026
- Over 3,100 sq. ft. plus rough attic and a full finished basement with a separate entrance
- Colonial‑style duplex with stone and aluminum siding exterior
Local Financial Insights For Multifamily LT 5
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 | $79.6k | $25.56 |
| − Vacancy | −$5.1k | −$1.65 |
| EGI | $74.5k | $23.91 |
| − OpEx | −$22.3k | −$7.17 |
| NOI | $52.1k | $16.74 |
3,114 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$744.5K
$651.5K – $868.6K
NOI $52,116 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$684.1K
$598.6K – $798.1K
NOI $47,887 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$813.1K
$711.5K – $948.7K
NOI $56,919 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brand new 29' wide duplex by Gefen Construction featuring a finished basement with a separate entrance.
Where is this duplex located?
The property is located at 10 Farry Street Lakewood, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Brand new 29' wide duplex under construction by Gefen Construction, built in 2026; Over 3,100 sq. ft. plus rough attic and a full finished basement with a separate entrance; Colonial‑style duplex with stone and aluminum siding exterior
