Two-Level Residential Income
1001 2nd Ave #104, Asbury Park, NJ 07712
For Sale
$755,000
The residence combines a split-level interior with an outdoor patio and a space in a gated parking area.
Property Size1,723 SF
Price / SF$438.19
Days on Market13
Property Features for 1001 2nd Ave #104
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
outdoor patio space
Building Details
Year Built
Construction
Listing Agency:
Keller Williams Shore Properties
Listed By:
Curran Group
(732) 359-3203
Source:
Currangrp
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 5:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Shore Properties
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Investment Insights
Based on property information with market context.
This 1,723-square-foot residence has one bedroom, 1.5 bathrooms and a two-level layout. Interior features include hardwood flooring, brick walls, oversized windows and 17-foot concrete ceilings. An outdoor patio extends the living space, and the property was built in 2010.
The property is located a few blocks from the beach in Asbury Park. One parking space is provided in a gated lot.
The property is located a few blocks from the beach in Asbury Park. One parking space is provided in a gated lot.
Key Highlights
- 1,723‑square‑foot, one‑bedroom residence with 1.5 bathrooms
- Two‑level layout with an outdoor patio
- 17‑foot concrete ceilings, brick walls and hardwood floors
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.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
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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
$578,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Asbury Park, NJ
Properties on Market for Residential income properties in Asbury Park
Frequently Asked Questions
What type of property is this?
Residential income property - The residence combines a split-level interior with an outdoor patio and a space in a gated parking area.
Where is this residential income property located?
The property is located at 1001 2nd Ave #104 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‑foot, one‑bedroom residence with 1.5 bathrooms; Two‑level layout with an outdoor patio; 17‑foot concrete ceilings, brick walls and hardwood floors
