Mixed-Use Building with Business
21 2nd Avenue Unit 2 Long Branch, NJ 07740
For Sale
$999,999
Mixed-use property with a business space, hardwood floors, and flexible residential layout plus private back parking.
Property Size2,342 SF
Price / SF$426.99
Days on Market99
Property Features for 21 2nd Avenue Unit 2
General Information
Standard status
Active
Size
2,342 SF
Property subtype
Mixed Use
Building Details
Year Built
1910
Listing Agency:
Coldwell Banker Realty
(732) 567-2744
Listed By:
Lucia Palmese
(732) 567-2744
Source:
Xome
Added: Apr 22
Changed: Jul 10
Last Checked: Jun 14 at 1:58AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This mixed-use building includes residential and business components, with an expansive layout designed to support flexible occupancy. The residence offers 5 bedrooms and 4 full bathrooms, and hardwood floors run throughout the space. The property also includes a first-floor business space described as fully operational, along with a configuration that allows for two potential rental units.
Located at 21 2nd Avenue Unit 2 in Long Branch, NJ, the property provides private parking in the back for added convenience for tenants, customers, or owners. The overall design supports a true live-work approach, with the residential areas and business use sharing the same property footprint.
For buyers seeking a single building with multiple ways to operate, the combination of a functioning ground-floor business space and residential living flexibility can fit a range of owner-user and investor strategies. Prospective tenants and operators may be interested in the hardwood-floored interiors and the ability to divide the residential portion into two potential rental units, while maintaining on-site private parking access.
Located at 21 2nd Avenue Unit 2 in Long Branch, NJ, the property provides private parking in the back for added convenience for tenants, customers, or owners. The overall design supports a true live-work approach, with the residential areas and business use sharing the same property footprint.
For buyers seeking a single building with multiple ways to operate, the combination of a functioning ground-floor business space and residential living flexibility can fit a range of owner-user and investor strategies. Prospective tenants and operators may be interested in the hardwood-floored interiors and the ability to divide the residential portion into two potential rental units, while maintaining on-site private parking access.
Key Highlights
- Mixed‑use property built in 1910 with residential and business space.
- Interior features include wood flooring and window A/C; heating listed as 3.
- Home has 5 bedrooms and 4 full bathrooms.
Financial Insights For Apartment 5plus
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 | $70.3k | $30.00 |
| − Vacancy | −$4.8k | −$2.04 |
| EGI | $65.5k | $27.96 |
| − OpEx | −$29.5k | −$12.58 |
| NOI | $36.0k | $15.38 |
2,342 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$514.5K
$450.2K – $600.3K
NOI $36,015 @ 7.0% cap · market cap 3.60%
Second Best
Retail
$477.5K
$417.9K – $557.1K
NOI $33,428 @ 7.0% cap · market cap 3.34%
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Mixed-use property with a business space, hardwood floors, and flexible residential layout plus private back parking.
Where is this residential income property located?
The property is located at 21 2nd Avenue Unit 2 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: Mixed‑use property built in 1910 with residential and business space.; Interior features include wood flooring and window A/C; heating listed as 3.; Home has 5 bedrooms and 4 full bathrooms.
