New Construction Duplex with
New
For Sale
$849,000
108 Broad St #B, Keyport, NJ 07735
Two-level duplex near stores, restaurants, waterfront access, public transportation, and schools.
Property Size2,000 SF
Price / SF$424.50
Days on Market3
Property Features for 108 Broad St #B
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
engineered wood flooring
crown molding
recessed lighting
Pella windows
Lenox AC units
ceiling fans
large closets
2 zone hvac
washer & dryer
Juliet balcony
stainless appliances
quartz counters
double door pantry
tiled backsplash
custom cabinetry
tiled baths
epoxy flooring in garage
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Allegro Agency
Listed By:
William Hagan Group
(732) 847-2901
Source:
Williamhagangroup
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 6:09AM
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 Allegro Agency
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex offers a two-level layout with an open living and dining area, Juliet balcony access, and direct entry from the garage into the foyer. The property includes 3 bedrooms, 2 1/2 baths, a 2-4 car garage with epoxy flooring, two-zone HVAC, and a second-floor washer and dryer. A 10-year new home warranty is included.
Interior finishes include engineered wood flooring, crown molding, recessed lighting, Pella windows, ceiling fans, and substantial closet storage. The kitchen features stainless appliances, quartz countertops, custom cabinetry, a double-door pantry, and tiled backsplash. Tiled bathrooms, Lenox AC units, and upgraded lighting and finish details complete the interior.
Located at 108 Broad St #B in Keyport, the property is near stores, restaurants, the waterfront, public transportation, and schools.
Interior finishes include engineered wood flooring, crown molding, recessed lighting, Pella windows, ceiling fans, and substantial closet storage. The kitchen features stainless appliances, quartz countertops, custom cabinetry, a double-door pantry, and tiled backsplash. Tiled bathrooms, Lenox AC units, and upgraded lighting and finish details complete the interior.
Located at 108 Broad St #B in Keyport, the property is near stores, restaurants, the waterfront, public transportation, and schools.
Key Highlights
- Duplex completed in 2026 with a 10‑year new home warranty
- 3 bedrooms and 2 1/2 baths
- 2‑4 car garage with epoxy flooring and direct foyer entry
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
$33,472
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
3.94%
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%
$669,440
$669.4K
Cap Rate 7%
$478,171
$478.2K
Cap Rate 9%
$371,911
$371.9K
Market Conditions
NOI Build-Up for 2,000 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
$51.1K $25.56/SF
− Vacancy
−$3.3K −$1.65/SF
EGI
$47.8K $23.91/SF
− OpEx
−$14.3K −$7.17/SF
NOI
$33.5K $16.74/SF
Area
Monmouth 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%
$669,440
Cap Rate 7%
$478,171
Cap Rate 9%
$371,911
Alternative Uses
Best Use
Multifamily LT 5
$478.2K
$418.4K – $557.9K
NOI $33,472 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$439.4K
$384.5K – $512.6K
NOI $30,756 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 07735, NJ
18,652
Population
8,411
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
3,807
Density / Sq Mi
$98,760
Median Household Income
$57,988
Median Earnings
$1,520
Median Rent
$384,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex near stores, restaurants, waterfront access, public transportation, and schools.
Where is this duplex located?
The property is located at 108 Broad St #B Keyport, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Duplex completed in 2026 with a 10‑year new home warranty; 3 bedrooms and 2 1/2 baths; 2‑4 car garage with epoxy flooring and direct foyer entry
