Mixed-Use Property, Business Income
For Sale
$999,999
21 2nd Avenue, Long Branch, NJ 07740
COMMERCIAL - Long Branch, NJ
Property Size2,342 SF
Lot Size0.09 Acres
Price / SF$426.99
Days on Market92
Property Features for 21 2nd Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi-Use, Mixed, Commercial
Rooms
Basement
Parking features
Parking Lot, On Street
Exterior features
Display Window
Lot features
Level
Directions
ROUTE 36N RT ON LIBERTY, LT ON BROADWAY, TAKE ROUND ABOUT TO 2ND AVENUE
Standard status
Active
APN
27-00287-0000-00004
Size
2,342 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6375
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Flooring type
Wood
Building materials
Shingle Siding, Stucco
Roof type
Shingle
Listing Agency:
Coldwell Banker Realty
(732) 462-4242
Listed By:
Lucia Palmese
(732) 462-4242
Added: May 29
Changed: Aug 13
Last Checked: Aug 28 at 7:06PM
MLS# 22615917
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.
This mixed-use property offers an investment opportunity with 5 bedrooms and 4 full bathrooms, suitable for residential and commercial use. Hardwood floors are present throughout the property. The expansive layout allows for two potential rental units, suitable for generating passive income. The first floor features a fully operational business space, ideal for entrepreneurs or leasing for additional revenue. Private parking is available in the back. The property is situated in Long Branch, NJ, and has a lot size of 0.09 acres. The property size is 2342 square feet. It is located in Monmouth County, New Jersey. This property delivers flexibility and financial opportunity, allowing one to live, work, and earn all under one roof.
Key Highlights
- Built in 1910 with shingle siding and stucco exterior materials
- Mixed‑use setup with a first‑floor, fully operational business space plus residential layout
- 5 bedrooms and 4 full bathrooms
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
$36,015
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
3.60%
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%
$720,300
$720.3K
Cap Rate 7%
$514,500
$514.5K
Cap Rate 9%
$400,167
$400.2K
Market Conditions
NOI Build-Up for 2,342 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
$70.3K $30.00/SF
− Vacancy
−$4.8K −$2.04/SF
EGI
$65.5K $27.96/SF
− OpEx
−$29.5K −$12.58/SF
NOI
$36.0K $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%
$720,300
Cap Rate 7%
$514,500
Cap Rate 9%
$400,167
Alternative Uses
Best Use
Apartment 5plus
$514.5K
$450.2K – $600.3K
NOI $36,015 @ 7.0% cap · market cap 3.60%
Second Best
Mixed Use
$451.7K
$395.2K – $527.0K
NOI $31,617 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$611.5K
$535.1K – $713.5K
NOI $42,808 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,090
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile property with residential and commercial income opportunities.
Where is this mixed-use property located?
The property is located at 21 2nd Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Built in 1910 with shingle siding and stucco exterior materials; Mixed‑use setup with a first‑floor, fully operational business space plus residential layout; 5 bedrooms and 4 full bathrooms
