Mixed-Use Property with Business
For Sale
$999,999
21 2nd Ave Unit 2, Long Branch, NJ 07740
First-floor business space complements flexible residential accommodation and private rear parking.
Property Size2,342 SF
Price / SF$426.99
Days on Market48
Property Features for 21 2nd Ave Unit 2
General Information
Standard status
Active
Size
2,342 SF
Amenities
private parking
Building Details
Year Built
1910
Listing Agency:
Coldwell Banker Realty
Listed By:
Lucia Palmese
(732) 567-2744
Source:
Soldbypattie
Added: Sep 19
Changed: Oct 26
Last Checked: Oct 7 at 1:32PM
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
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Investment Insights
Based on property information with market context.
Built in 1910, this mixed-use property combines a first-floor business area with residential accommodations. The layout includes 5 bedrooms and 4 full bathrooms, with hardwood flooring throughout. The interior configuration also supports two potential rental units, subject to applicable requirements and approvals.
Private parking is positioned at the rear of the property, providing on-site convenience for occupants, customers, or business operators. The property is located at 21 2nd Ave Unit 2 in Long Branch, New Jersey.
Private parking is positioned at the rear of the property, providing on-site convenience for occupants, customers, or business operators. The property is located at 21 2nd Ave Unit 2 in Long Branch, New Jersey.
Key Highlights
- First‑floor business space within a mixed‑use property
- 5 bedrooms and 4 full bathrooms
- Hardwood floors throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,015
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
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
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 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
Office B
$511.9K
$447.9K – $597.2K
NOI $35,833 @ 7.0% cap · market cap 3.58%
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,090
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor business space complements flexible residential accommodation and private rear parking.
Where is this mixed-use property located?
The property is located at 21 2nd Ave 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: First‑floor business space within a mixed‑use property; 5 bedrooms and 4 full bathrooms; Hardwood floors throughout the property
