Updated Two-Unit
New
For Sale
$1,139,000
214A Newark Avenue, Bradley Beach, NJ 07720
Attached duplex with separate residences, individual laundry, and refreshed kitchens and bathrooms near the Atlantic Ocean.
Property Size2,223 SF
Price / SF$510.08
Days on Market5
Property Features for 214A Newark Avenue
General Information
Standard status
Active
Size
2,223 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,133
Building Details
Building Size
2,223 SF
Year Built
1906
Buildings
1
Listing Agency:
Keller Williams Avon Realty
Listed By:
Richard Covey
(732) 988-8900
Source:
Sackmanrealty
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 12 at 8:37AM
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 Keller Williams Avon Realty
Investment Insights
Based on property information with market context.
This attached duplex contains 2,233 square feet across two separate residences. The first-floor unit offers two bedrooms and one bathroom, while the second residence spans the second and third floors with four bedrooms and one bathroom. Both units include their own washer and dryer, newer kitchen and bathroom finishes, recessed lighting, and luxury vinyl plank flooring. Built in 1906, the property supports a flexible arrangement for occupying one residence while leasing the other or operating both as income-producing units.
The property is approximately one and one-half blocks from the Atlantic Ocean in Bradley Beach. Restaurants, bars, yoga, shops, community events, and NJT are described as nearby, placing everyday services, shore access, and transportation within the surrounding area.
The property is approximately one and one-half blocks from the Atlantic Ocean in Bradley Beach. Restaurants, bars, yoga, shops, community events, and NJT are described as nearby, placing everyday services, shore access, and transportation within the surrounding area.
Key Highlights
- 2,233‑square‑foot attached duplex with two separate residences
- First‑floor unit includes 2 bedrooms and 1 bathroom
- Upper residence spans the 2nd and 3rd floors with 4 bedrooms and 1 bathroom
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
$37,372
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
3.28%
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%
$747,440
$747.4K
Cap Rate 7%
$533,886
$533.9K
Cap Rate 9%
$415,244
$415.2K
Market Conditions
NOI Build-Up for 2,233 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
$57.1K $25.56/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$53.4K $23.91/SF
− OpEx
−$16.0K −$7.17/SF
NOI
$37.4K $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 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%
$747,440
Cap Rate 7%
$533,886
Cap Rate 9%
$415,244
Alternative Uses
Best Use
Multifamily LT 5
$533.9K
$467.2K – $622.9K
NOI $37,372 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$490.6K
$429.2K – $572.3K
NOI $34,339 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$583.1K
$510.2K – $680.3K
NOI $40,816 @ 7.0% cap · market cap 3.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Explore this area
Business Placement
Demographics for 07720, NJ
4,175
Population
2,836
Households
1.5
Avg Household Size
47
Median Age
67%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
6,958
Density / Sq Mi
$94,722
Median Household Income
$52,661
Median Earnings
$1,710
Median Rent
$857,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Attached duplex with separate residences, individual laundry, and refreshed kitchens and bathrooms near the Atlantic Ocean.
Where is this duplex located?
The property is located at 214A Newark Avenue Bradley Beach, NJ.
What is the asking price?
The asking price for this property is $1,139,000.
What are key features of this property?
This property features: 2,233‑square‑foot attached duplex with two separate residences; First‑floor unit includes 2 bedrooms and 1 bathroom; Upper residence spans the 2nd and 3rd floors with 4 bedrooms and 1 bathroom
