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    1615 Park Ave, Unit 5B Asbury Park, NJ 07712

    For Lease
    $2,950 /Mo ($32 SF/Yr)

    Bright, renovated 1BR apartment with utilities and garage included.

    Property size:
    1,075 SF
    Lot size:
    1,075 SF

    Property Features for 1615 Park Ave

    General Information

    Size
    1,075 SF

    Building Details

    Year built
    1963

    Source: Keller Williams Realty East Monmouth Agent Jacquelyn Mery

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Apartment Near the Beach

    This spacious 1-bedroom apartment is located on the 5th floor of The Presidential building, situated just 3 blocks from the beach. The unit features bright, south-facing views, new flooring, and a recently renovated kitchen equipped with stainless steel appliances and a wine refrigerator. The bathroom has also been recently renovated. A large bedroom includes a custom walk-in closet. Heat, hot water, electricity, and garage parking are all included in the rent. Residents have access to a large storage area, common laundry facilities with new machines, bike racks, and landscaped gardens with a grilling and picnic area. The building is equipped with an elevator. The property size is 1075 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Asbury Park
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0032033
    Latitude
    40.2286703

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    FAQs

    What type of property is this?
    Apartment building - Bright, renovated 1BR apartment with utilities and garage included.
    Where is this apartment building located?
    The property is located at 1615 Park Ave, Unit 5B Asbury Park, NJ.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - All utilities included (heat, hot water, electric) plus garage parking.; - **Recently renovated kitchen with stainless steel appliances and wine refrigerator.**; - Only 3 blocks to the beach.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    1615 Park Ave, Unit 5B Asbury Park, NJ 07712
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