Two-Story Multifamily
For Sale
$925,000
264 West End Ave, Long Branch, NJ 07740
Tenant-occupied residential asset with dual kitchens, a partially finished basement, outdoor living areas, and dedicated storage.
Property Size1,740 SF
Price / SF$531.61
Days on Market43
Property Features for 264 West End Ave
General Information
Standard status
Active
Size
1,740 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Amenities
open front porch
spacious patio
storage shed
Building Details
Year Built
1910
Buildings
1
Stories
2
Listing Agency:
Burke&Manna Real Estate Agency
(732) 455-5420
Listed By:
Michael Manna · License #0900958
Source:
Obrienrealtyllc
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 30 at 6:53PM
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 Burke&Manna Real Estate Agency
Investment Insights
Based on property information with market context.
Located at 264 West End Ave in Long Branch, this tenant-occupied multifamily property was built in 1910 and includes approximately 1,740 square feet across two stories. The layout provides 3 bedrooms, 2 full baths, and two kitchens, along with a partially finished basement, open front porch, spacious patio, and storage shed.
The property is positioned near Long Branch beaches, the boardwalk, Pier Village, Monmouth University, Monmouth Medical Center, schools, shopping, dining, and the NJ Transit North Jersey Coast Line. Its existing occupancy and residential configuration support continued rental use in an established Jersey Shore community.
The property is positioned near Long Branch beaches, the boardwalk, Pier Village, Monmouth University, Monmouth Medical Center, schools, shopping, dining, and the NJ Transit North Jersey Coast Line. Its existing occupancy and residential configuration support continued rental use in an established Jersey Shore community.
Key Highlights
- Approximately 1,740 sq. ft. two‑story multifamily property
- 3 bedrooms and 2 full baths
- Two kitchens support the existing residential configuration
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
$26,758
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
2.89%
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%
$535,160
$535.2K
Cap Rate 7%
$382,257
$382.3K
Cap Rate 9%
$297,311
$297.3K
Market Conditions
NOI Build-Up for 1,740 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
$52.2K $30.00/SF
− Vacancy
−$3.5K −$2.04/SF
EGI
$48.7K $27.96/SF
− OpEx
−$21.9K −$12.58/SF
NOI
$26.8K $15.38/SF
Area
Monmouth County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$535,160
Cap Rate 7%
$382,257
Cap Rate 9%
$297,311
Alternative Uses
Best Use
Apartment 5plus
$382.3K
$334.5K – $446.0K
NOI $26,758 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.3K
$397.6K – $530.1K
NOI $31,804 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
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?
Multifamily property - Tenant-occupied residential asset with dual kitchens, a partially finished basement, outdoor living areas, and dedicated storage.
Where is this multifamily property located?
The property is located at 264 West End Ave Long Branch, NJ.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Approximately 1,740 sq. ft. two‑story multifamily property; 3 bedrooms and 2 full baths; Two kitchens support the existing residential configuration
