1017 Summerfield Avenue, Asbury Park, NJ 07712
- Added:
- Nov 5, 2025
- Days on Market:
- 229
- Last Refresh:
- Jun 22 at 11:06 pm
Property Features for 1017 Summerfield Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 7, Bedroom 4, Basement
- Parking
- 6
- Basement
- Full, Walk-Out Access
- Standard status
- Pending
- APN
- 04-00505-0000-00018
- Size
- 3,300 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10995
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Multi Units
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 3
Listing agent Matthew H Sigman (732) 774-4633
Listing office Sigman Realty 700 Emory Street, Asbury Park, NJ (732) 774-4633
Listing date Nov 5, 2025
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.
HighLights
- 3 separate units, all 100% vacant (set the rent)
- Year built 1920 with basement included
- First‑floor unit: spacious 4‑bedroom apartment with enclosed front porch and basement access
- Second floor includes a 2‑bedroom unit and a 1‑bedroom unit
- Attic with vaulted ceilings for additional square footage/usage potential
- Public water and public sewer; each unit has its own separate utilities
Overview
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 | $84.3k | $25.56 |
| − Vacancy | −$5.4k | −$1.65 |
| EGI | $78.9k | $23.91 |
| − OpEx | −$23.7k | −$7.17 |
| NOI | $55.2k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Asbury Park
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.016292
- Latitude
- 40.219172
