New Construction Duplex with
New
For Sale
$849,000
108 Broad Street, Keyport, NJ 07735
Residential, Duplex, Keyport, NJ
Property Size2,000 SF
Price / SF$424.50
Days on Market1
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
Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 3, 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
Building Details
Year built
2026
Floors in Building
3
Flooring type
Engineered, Tile - Ceramic, 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
Last Checked: Sep 8 at 11:06AM
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.
Scheduled for completion in 2026, this 2,000-square-foot duplex offers three bedrooms, 2 1/2 baths, and a spacious open-concept main level. The interior plan includes a living and dining area, Juliet balcony, large closets, engineered wood and tile flooring, recessed lighting, crown molding, and Pella windows. The kitchen is fitted with stainless steel appliances, quartz countertops, custom cabinetry, a tiled backsplash, and a double-door pantry. Both the heating and cooling systems are zoned, with natural gas forced-air heat and central air.
The property includes a 2-4-car garage with epoxy flooring and direct entry to the foyer, along with driveway parking, a patio, and balcony space. Public water and public sewer serve the property. Located at 108 Broad Street in Keyport, the duplex is near stores, restaurants, the waterfront, public transportation, and schools.
The property includes a 2-4-car garage with epoxy flooring and direct entry to the foyer, along with driveway parking, a patio, and balcony space. Public water and public sewer serve the property. Located at 108 Broad Street in Keyport, the duplex is near stores, restaurants, the waterfront, public transportation, and schools.
Key Highlights
- 2,000‑square‑foot duplex scheduled for completion in 2026
- Three 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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex featuring open-concept living, two-level HVAC, quality finishes, and direct-entry garage access.
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: 2,000‑square‑foot duplex scheduled for completion in 2026; Three bedrooms and 2 1/2 baths; 2‑4‑car garage with epoxy flooring and direct foyer entry
