For Sale
$1,400,000
192-194 Westwood Avenue, Long Branch, NJ 07740
Mixed-use properties
Property Size4,808 SF
Price / SF$291.18
Days on Market266
Property Features for 192-194 Westwood Avenue
General Information
Standard status
Active
Size
4,808 SF
Property subtype
Commercial
Zoning
C-3
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
A Mancini Realty
Listed By:
Roberto Muolo · License #0785995
(732) 768-5010
Source:
Actionplusrealty
Added: Feb 10
Changed: Nov 1
Last Checked: Nov 1 at 6:11AM
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 A Mancini Realty
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Investment Insights
Based on property information with market context.
Key Highlights
- Mixed‑use building built in 1900 with two storefronts and three living units
- C‑3 zoning supports a variety of business uses such as retail, office, hair salon, gym, or restaurant, plus apartments
- Located near Long Branch Train Station and Monmouth Medical Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,468
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,360
$1.6M
Cap Rate 7%
$1,149,543
$1.1M
Cap Rate 9%
$894,089
$894.1K
Market Conditions
NOI Build-Up for 4,808 SF
Gross rent
$122.9K $25.56/SF
− Vacancy
−$7.9K −$1.65/SF
EGI
$115.0K $23.91/SF
− OpEx
−$34.5K −$7.17/SF
NOI
$80.5K $16.74/SF
Area
Monmouth 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%
$1,609,360
Cap Rate 7%
$1,149,543
Cap Rate 9%
$894,089
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,468 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$1.06M
$924.2K – $1.23M
NOI $73,937 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,883 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 192-194 Westwood Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Mixed‑use building built in 1900 with two storefronts and three living units; C‑3 zoning supports a variety of business uses such as retail, office, hair salon, gym, or restaurant, plus apartments; Located near Long Branch Train Station and Monmouth Medical Center
