21-Unit Hotel with Manager
1201 Boulevard Unit 1201 Seaside Heights, NJ 08751
1201 Boulevard Unit 1201, Seaside Heights, NJ, 08751
$3,499,000
For Sale
$3,499,000
Operational 21-unit hotel property with private balcony suites, a manager suite, apartment, pool, lounge, and onsite restaurant.
Property Size19,188 SF
Price / SF$182.35
Days on Market388
Property Features for 1201 Boulevard Unit 1201
General Information
- Standard status
- Active
- Size
- 19,188 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1985
Listing Agency
Seaside Heights Realty Inc.
(732) 793-5200
Listed by
Michael Loundy · License #8435976
(732) 793-5200
Source
Xome
Added: Jun 26, 2025 Checked: Jul 18 at 3:12 am
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 Seaside Heights Realty Inc.
Investment Insights
Based on property information with market context.
This property is presently operated as a 21-unit hotel plus a manager’s suite. The offering includes suites and hotel rooms with private balconies, as well as a 2-bedroom apartment. Common features include a pool and lounge area, and the property has a state-of-the-art security camera system. An onsite restaurant is operated by a new tenant.
The property is located about one block to the beach in the prestigious North End, within walking distance to rides, shopping, beach, and restaurants.
In addition to the existing hotel use, the site has been just approved for 10 new townhomes. Site plan and townhome plans are available in the documents tab. Financing may be available to qualified buyers only.
The property is located about one block to the beach in the prestigious North End, within walking distance to rides, shopping, beach, and restaurants.
In addition to the existing hotel use, the site has been just approved for 10 new townhomes. Site plan and townhome plans are available in the documents tab. Financing may be available to qualified buyers only.
Key Highlights
- Operational 21‑unit hotel plus manager suite
- Suites and hotel rooms include private balconies; includes a 2‑bedroom apartment
- Includes pool and lounge area, plus an onsite restaurant with new tenant operation
Local Financial Insights For Specialty Retail
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 | $414.5k | $21.60 |
| − Vacancy | −$23.2k | −$1.21 |
| EGI | $391.3k | $20.39 |
| − OpEx | −$97.8k | −$5.10 |
| NOI | $293.4k | $15.29 |
19,188 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.19M
$3.67M – $4.89M
NOI $293,438 @ 7.0% cap · market cap 8.39%
Second Best
Hotel Hospitality
$1.99M
$1.74M – $2.32M
NOI $139,449 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$5.01M
$4.38M – $5.85M
NOI $350,726 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hotels
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - Operational 21-unit hotel property with private balcony suites, a manager suite, apartment, pool, lounge, and onsite restaurant.
Where is this hotel located?
The property is located at 1201 Boulevard Unit 1201 Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Operational 21‑unit hotel plus manager suite; Suites and hotel rooms include private balconies; includes a 2‑bedroom apartment; Includes pool and lounge area, plus an onsite restaurant with new tenant operation
