Mixed-Use Building with
205 Bay Avenue Highlands, NJ 07732
For Sale
$850,000
MULTI_FAMILY - Highlands, NJ
Property Size1,600 SF
Price / SF$531.25
Days on Market149
Property Features for 205 Bay Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
1
Bathrooms
1
Rooms
Bathroom 1, Basement, Bedroom 1
Parking features
On Street
Window features
Insulated Windows
Exterior features
Lighting
Standard status
Active
APN
1
Size
1,600 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5629
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1923
Floors in Building
2
Number of units
2
Flooring type
Wood
Roof type
Flat
Listing Agency:
Preferred Properties Real Estate
(732) 224-9200
Listed By:
George M Coffenberg
(732) 224-9200
Added: Mar 1
Changed: Jul 28
Last Checked: Jul 28 at 2:06PM
MLS# 22605083
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.
Investment Insights
Based on property information with market context.
Renovated mixed-use building featuring a street-level storefront and open, flexible interior layout. The property includes space on both levels, with an additional upper-level floor plan that can accommodate a range of uses.
Located at 205 Bay Avenue in Highlands, NJ, the building sits in the downtown area. The Seastreak Ferry Terminal is described as nearby, providing direct service to NYC, along with access to area beaches and restaurants.
Ideal for buyers seeking a property that blends retail storefront presence with adaptable space above.
Located at 205 Bay Avenue in Highlands, NJ, the building sits in the downtown area. The Seastreak Ferry Terminal is described as nearby, providing direct service to NYC, along with access to area beaches and restaurants.
Ideal for buyers seeking a property that blends retail storefront presence with adaptable space above.
Key Highlights
- 1923 mixed‑use building with flat roof and wood flooring
- Street‑level storefront with open, flexible layout for retail, cafe, gallery, or service use
- Upper level offers a flexible floor plan for professional or residential space
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.9k | $25.56 |
| − Vacancy | −$2.6k | −$1.65 |
| EGI | $38.3k | $23.91 |
| − OpEx | −$11.5k | −$7.17 |
| NOI | $26.8k | $16.74 |
1,600 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$382.5K
$334.7K – $446.3K
NOI $26,778 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$351.5K
$307.6K – $410.1K
NOI $24,605 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Renovated mixed-use building with street-level storefront and flexible space across two levels.
Where is this duplex located?
The property is located at 205 Bay Avenue Highlands, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1923 mixed‑use building with flat roof and wood flooring; Street‑level storefront with open, flexible layout for retail, cafe, gallery, or service use; Upper level offers a flexible floor plan for professional or residential space
