Duplex with Private Office
For Sale
$1,175,000
10 Holden Square, Lakewood, NJ 08701
SINGLE_FAMILY - Other - Lakewood, NJ
Property Size3,128 SF
Price / SF$375.64
Days on Market78
Property Features for 10 Holden Square
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Zoning description
Residential
Bedrooms
9
Bathrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bathroom 6, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 9, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 5, Basement, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 8, Bedroom 5, Bedroom 7
Parking features
Off Street, Driveway
Patio and Porch features
Deck
Interior features
Attic
Basement
Finished, Walk-Out Access, Full
Lot features
Cul-De-Sac
Middle school
Lakewood
Directions
use google maps
Standard status
Active
APN
000000
Size
3,128 SF
Taxes and HOA fees
HOA Fee
$130 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Zoned
Cooling system
Zoned, Central Air
Water source
Public
Building Details
Floors in Building
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
HomeSmart First Advantage
Listed By:
Avigail Silberman
(732) 352-1000
Added: Jun 17
Changed: Aug 7
Last Checked: Sep 2 at 10:06AM
MLS# 22618339
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.
Under construction duplex offering approximately 3,128 SF of thoughtfully designed living space. The main level features hardwood flooring throughout, an eat-in kitchen, formal dining room, living room, family room, mudroom, and a powder room, along with a rough-in for a Pesach kitchen. A private office with a separate entrance provides added flexibility for work or guests.
Upstairs includes hardwood flooring, a primary suite with an ensuite full bathroom and two walk-in closets, plus four additional bedrooms, two full bathrooms, and a dedicated laundry room. The fully finished basement adds further versatility with four additional bedrooms and two full bathrooms, and there is also a raw attic with rough plumbing for potential future customization.
The home is supported by central air and zoned heating and cooling, and includes a deck for outdoor use. Parking is available via driveway and off-street spaces. Water and sewer are public, and the roof is shingle.
Upstairs includes hardwood flooring, a primary suite with an ensuite full bathroom and two walk-in closets, plus four additional bedrooms, two full bathrooms, and a dedicated laundry room. The fully finished basement adds further versatility with four additional bedrooms and two full bathrooms, and there is also a raw attic with rough plumbing for potential future customization.
The home is supported by central air and zoned heating and cooling, and includes a deck for outdoor use. Parking is available via driveway and off-street spaces. Water and sewer are public, and the roof is shingle.
Key Highlights
- Under construction duplex with approximately 3,128 SF of living space
- Private office with a separate entrance on the main level
- Primary suite with ensuite full bath and two walk‑in closets
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
$52,351
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
4.46%
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%
$1,047,020
$1.0M
Cap Rate 7%
$747,871
$747.9K
Cap Rate 9%
$581,678
$581.7K
Market Conditions
NOI Build-Up for 3,128 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
$80.0K $25.56/SF
− Vacancy
−$5.2K −$1.65/SF
EGI
$74.8K $23.91/SF
− OpEx
−$22.4K −$7.17/SF
NOI
$52.4K $16.74/SF
Area
Ocean County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
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%
$1,047,020
Cap Rate 7%
$747,871
Cap Rate 9%
$581,678
Alternative Uses
Best Use
Multifamily LT 5
$747.9K
$654.4K – $872.5K
NOI $52,351 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$687.2K
$601.3K – $801.7K
NOI $48,102 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$816.8K
$714.7K – $952.9K
NOI $57,175 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 08701, NJ
135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
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?
Duplex - Under-construction duplex with a private office featuring a separate entrance, plus central air and zoned heating.
Where is this duplex located?
The property is located at 10 Holden Square Lakewood, NJ.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Under construction duplex with approximately 3,128 SF of living space; Private office with a separate entrance on the main level; Primary suite with ensuite full bath and two walk‑in closets
