New Construction Duplex with
For Sale
$849,000
108 Broad Street, Keyport, NJ 07735
Residential, Duplex, Keyport, NJ
Property Size2,000 SF
Price / SF$424.50
Days on Market13
Property Features for 108 Broad Street
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Zoning description
Residential
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 3
Parking features
Driveway, Oversize
Patio and Porch features
Patio
Interior features
Attic, Attic - Pull Down Stairs, Balcony, Ceilings - 9Ft+ 1st Flr, Dec Molding, Recessed Lighting
Exterior features
Balcony, Thermal Window
Elementary school
Central
Middle school
Central
High school
Keyport
Directions
Please use gps
Standard status
Active
APN
24-00060-0000-00006
Size
2,000 SF
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Zoned
Cooling system
Central Air, Zoned
Water source
Public
Amenities
engineered wood flooring
crown molding
recessed lighting
Pella windows
ceiling fans
storage
2-zone HVAC
washer/dryer
stainless appliances
quartz counters
pantry
tiled backsplash
custom cabinetry
tiled baths
Juliet balcony
Building Details
Year built
2026
Floors in Building
3
Flooring type
Tile - Ceramic, Engineered, Porcelain
Roof type
Shingle
Architectural style
Other
Listing Agency:
Raritan Bay Realty
(732) 654-0090
Listed By:
Christine Shwartz
(908) 278-0430
Added: Sep 8
Changed: Sep 19
Last Checked: Sep 20 at 3:06PM
MLS# 22628151
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.
This under-construction duplex is planned as a 2026 residential income property with approximately 2,000 square feet, 3 bedrooms, and 2 1/2 baths. The layout includes an open-concept main level, dining and living areas, a Juliet balcony, attic storage, and an oversized 2-car direct-entry garage. Interior finishes include engineered wood flooring, crown molding, recessed lighting, quartz kitchen counters, stainless appliances, custom cabinetry, a tiled backsplash, and tiled baths. Two-zone HVAC, Pella windows, ceiling fans, and a second-floor washer and dryer add to the planned specifications. A 10-year new home warranty is included.
The property is located at 108 Broad Street in Keyport, across from stores and restaurants and near the waterfront. Public transportation and schools are also nearby. Public water and public sewer serve the property, with natural gas forced-air heating, central air, and a shingle roof.
The property is located at 108 Broad Street in Keyport, across from stores and restaurants and near the waterfront. Public transportation and schools are also nearby. Public water and public sewer serve the property, with natural gas forced-air heating, central air, and a shingle roof.
Key Highlights
- 2026 construction with a 10‑year new home warranty
- 3 bedrooms and 2 1/2 baths
- Approximately 2,000 square feet
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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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex with upgraded interiors, open-concept living, and public water and sewer service.
Where is this duplex located?
The property is located at 108 Broad Street 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: 2026 construction with a 10‑year new home warranty; 3 bedrooms and 2 1/2 baths; Approximately 2,000 square feet
