Residential Income Property with
New
For Sale
$755,000
1001 2nd Avenue, Asbury Park, NJ 07712
Residential, Duplex, Asbury Park, NJ
Property Size1,723 SF
Lot Size0.01 Acres
Price / SF$438.19
Days on Market7
Property Features for 1001 2nd Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
Residential
Bedrooms
1
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Dining Room, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Assigned, Off Street
Window features
Insulated Windows
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Interior features
Dec Molding
Subdivision
The Lofts
Elementary school
Bangs Avenue
Middle school
Asbury Park
High school
Asbury Park
Directions
Main or Memorial Drive West to 2nd. Go West 1 block. The Lofts on your right.
Standard status
Active
APN
04-00304-0000-00003-0000-C0104
Size
1,723 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10813
HOA Fee
$759 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2010
Floors in Building
2
Building materials
Brick
Roof type
Rubber, Flat
Architectural style
Other
Listing Agency:
Coldwell Banker Realty
Listed By:
Eric Bosniak · License #0902924
(732) 671-1000
Added: Oct 26
Last Checked: Nov 1 at 1:06AM
MLS# 22633799
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.
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Investment Insights
Based on property information with market context.
This 1,723-square-foot, two-level loft residence has one bedroom, 1.5 bathrooms, hardwood floors, brick walls and 17-foot concrete ceilings. Oversized windows bring natural light into the interior, and a loft area offers additional flexible space. The home also features a patio and one assigned parking space in a gated lot. The property was built in 2010 and sits on a 0.01-acre lot.
Located at 1001 2nd Avenue in Asbury Park, the residence is described as a few blocks from the beach. Street parking is also available nearby. Public water and sewer serve the property.
Located at 1001 2nd Avenue in Asbury Park, the residence is described as a few blocks from the beach. Street parking is also available nearby. Public water and sewer serve the property.
Key Highlights
- 1,723 square feet across two levels
- One bedroom and 1.5 bathrooms
- 17‑foot concrete ceilings, hardwood floors and brick walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,496
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,920
$529.9K
Cap Rate 7%
$378,514
$378.5K
Cap Rate 9%
$294,400
$294.4K
Market Conditions
NOI Build-Up for 1,723 SF
Gross rent
$51.7K $30.00/SF
− Vacancy
−$3.5K −$2.04/SF
EGI
$48.2K $27.96/SF
− OpEx
−$21.7K −$12.58/SF
NOI
$26.5K $15.38/SF
Area
Monmouth 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 Rate 5%
$529,920
Cap Rate 7%
$378,514
Cap Rate 9%
$294,400
Alternative Uses
Best Use
Apartment 5plus
$378.5K
$331.2K – $441.6K
NOI $26,496 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$449.9K
$393.7K – $524.9K
NOI $31,494 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,819
Businesses Nearby
Explore this area
Business Placement
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-level residence includes a private patio and one assigned space in a gated parking area.
Where is this residential income property located?
The property is located at 1001 2nd Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $755,000.
What are key features of this property?
This property features: 1,723 square feet across two levels; One bedroom and 1.5 bathrooms; 17‑foot concrete ceilings, hardwood floors and brick walls
