Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Oceanfront Condominium in Long Branch Title is generated by Realmo AI

    510 Ocean Avenue 26, Long Branch, NJ 07740

    View on Map
    Claim this Listing
    For Sale
    $1,195,000

    Top-floor condominium with ocean views, close to amenities.

    Type:Condo/Townhome
    Property size:
    1,504 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $794/SF
    Added:
    Mar 24, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 5 at 10:53 pm

    Property Features for 510 Ocean Avenue 26

    General Information

    Standard status
    Active
    Size
    1,504 SF
    Lot size
    0.03 Acres
    Property subtype
    Condo/Townhome

    We can help!

    Listing Contact
    Alexandra Appolonia

    Listing agent Alexandra Appolonia License #2321687

    Listing office Heritage House Sotheby's International Realty

    Listing date Mar 24, 2026

    Source Exitrealty

    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 Heritage House Sotheby's International Realty

    HighLights

    • Direct oceanfront location with panoramic views.
    • Top 2‑level condominium in Ocean View Towers with elevator access.
    • Open floor plan blending indoor and outdoor living.
    • Proximity to Pier Village, shops, restaurants, transportation, and houses of worship.
    • Steps away from sandy beaches.
    • Features 2 bedrooms and 2.5 baths.

    Overview

    Located along the shores of Long Branch, this oceanfront condominium is situated on the top two levels of Ocean View Towers, with elevator service to the second story. The property features an open floor plan designed to integrate indoor and outdoor living. The living area flows into a modern kitchen. The condominium includes 2 bedrooms and 2.5 baths. The property offers views and is located close to Pier Village, shops, restaurants, transportation, and houses of worship, with access to beaches. The property size is 1504 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Branch
    County
    Monmouth
    State
    New Jersey
    Longitude
    -73.9818075
    Latitude
    40.2879244

    Nearby Similar for Sale

    • $899,000
      2,042 SF

      Long Branch Mixed-Use Opportunity

      Mixed-use property with office spaces, suitable for business or residential.
      485 Broadway, Long Branch, NJ 07740
      View Details
    • $2,890,000
      3,809 SF

      Long Branch Commercial Asset ForSale

      Commercial property in Long Branch, NJ, with redevelopment potential.
      207 N Lincoln Avenue, Long Branch, NJ 07740
      View Details
    • $2,999,000
      5,685 SF

      Long Branch Turnkey Investment Property

      Fully leased commercial building in a high-traffic Long Branch location.
      11-23 Norwood Avenue, Long Branch, NJ 07740
      View Details
    • $140,000
      3,160 SF

      Established Deli and Pizzeria

      Profitable deli and pizzeria near the beach in Long Branch.
      156 Long Branch Avenue, Long Branch, NJ 07740
      View Details
    • $999,000
      1,743 SF

      Established Retail Business Opportunity

      Pet specialty retail business for sale in coastal destination.
      15 Morris Avenue, Long Branch, NJ 07740
      View Details
    • $999,000
      1,743 SF

      Established Retail Business Opportunity

      Pet specialty retail business for sale in coastal destination.
      15 Morris Avenue, Long Branch City, NJ 07740-3802
      View Details
    • $999,000

      Established Retail Business Opportunity

      Pet specialty retail business for sale in coastal destination.
      15 Morris Avenue, Long Branch, NJ 07740
      View Details
    • $1,035,000
      2,608 SF

      Long Branch Multifamily Investment Opportunity

      Updated multifamily property near the beach with income potential.
      384 Sairs Avenue, Long Branch, NJ 07740
      View Details
    • $3,750,000
      9,436 SF

      Turnkey 14-Unit Apartment Building

      Fully occupied 14-unit building converted in 2023, offering modern interiors and durable, one-bedroom-focused rental income.
      380 Division Street, Long Branch, NJ 07740
      View Details
    • $999,999
      2,342 SF

      Mixed-Use Property, Business Income Potential

      Versatile property with residential and commercial income opportunities.
      21 2nd Avenue, Long Branch, NJ 07740
      View Details
    • $655,000
      1,664 SF

      Spacious Two-Family Home Near Jersey Shore

      Two-family home on oversized lot, close to beaches and amenities.
      282 Morris Avenue, Long Branch, NJ 07740
      View Details
    • $4,200,000
      2,243 SF

      Long Branch Multifamily Investment Opportunity

      Corner property with 12 rentals near new construction.
      34-36 2nd Avenue, Long Branch, NJ 07740
      View Details

    FAQs

    What type of property is this?
    Residential income property - Top-floor condominium with ocean views, close to amenities.
    Where is this residential income property located?
    The property is located at 510 Ocean Avenue 26 Long Branch, NJ.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: Direct oceanfront location with panoramic views.; Top 2‑level condominium in Ocean View Towers with elevator access.; Open floor plan blending indoor and outdoor living.
    (732) 946-9200
    We can help!
    Listing Contact
    Alexandra Appolonia
    Real Estate License ID: 2321687
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    510 Ocean Avenue 26, Long Branch, NJ 07740
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!