Duplex with
122 Nostrand Avenue, Lakewood, NJ 08701
For Sale
New
$1,260,000
Residential, Duplex, Lakewood, NJ
Property Size3,387 SF
Price / SF$372.01
Days on Market6
Property Features for 122 Nostrand Avenue
General Information
Property type
Property subtype
Property condition
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Patio and Porch features
Basement
Middle school
Directions
Standard status
Size
Taxes and HOA fees
HOA Fee
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Roof type
Architectural style
Listing Agency:
Velocity Realty
Listed By:
Toby Nagar
(732) 288-3655
Added: Nov 9
Last Checked: Nov 14 at 1:06AM
MLS# 22635404
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,387-square-foot duplex at 122 Nostrand Avenue is under construction, with a 2026 year built listed. The room information identifies eight bedrooms and six bathrooms, along with a basement and deck.
The building has zoned heating and cooling, a shingle roof, public water, and public sewer.
The building has zoned heating and cooling, a shingle roof, public water, and public sewer.
Key Highlights
- 3,387‑square‑foot duplex under construction
- Room list identifies 8 bedrooms and 6 bathrooms
- Deck and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,685
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,700
$1.1M
Cap Rate 7%
$809,786
$809.8K
Cap Rate 9%
$629,833
$629.8K
Market Conditions
NOI Build-Up for 3,387 SF
Gross rent
$86.6K $25.56/SF
− Vacancy
−$5.6K −$1.65/SF
EGI
$81.0K $23.91/SF
− OpEx
−$24.3K −$7.17/SF
NOI
$56.7K $16.74/SF
Area
Ocean 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 Rate 5%
$1,133,700
Cap Rate 7%
$809,786
Cap Rate 9%
$629,833
Alternative Uses
Best Use
Multifamily LT 5
$809.8K
$708.6K – $944.8K
NOI $56,685 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$744.1K
$651.1K – $868.1K
NOI $52,085 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$884.4K
$773.9K – $1.03M
NOI $61,909 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
Business Placement
Demographics for 08701, NJ
135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Ocean County, NJ
Properties on Market for Duplexes in Ocean County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property is under construction and includes zoned heating and cooling.
Where is this duplex located?
The property is located at 122 Nostrand Avenue Lakewood, NJ.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: 3,387‑square‑foot duplex under construction; Room list identifies 8 bedrooms and 6 bathrooms; Deck and basement
