Two-Story Multifamily
For Sale
$899,000
264 West End Ave, Long Branch, NJ 07740
Tenant-occupied residential asset with dual kitchens, a partially finished basement, outdoor living areas, and dedicated storage.
Property Size1,740 SF
Price / SF$516.67
Days on Market90
Property Features for 264 West End Ave
General Information
Standard status
Active
Size
1,740 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Amenities
open front porch
spacious patio
storage shed
Building Details
Year Built
1910
Buildings
1
Stories
2
Listing Agency:
Burke&Manna Real Estate Agency
Listed By:
Michael Manna · License #0900958
(732) 455-5420
Source:
Mynewjerseyrealestate
Added: Jul 20
Changed: Oct 7
Last Checked: Oct 7 at 1:19PM
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 Burke&Manna Real Estate Agency
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Investment Insights
Based on property information with market context.
Located at 264 West End Ave in Long Branch, this tenant-occupied multifamily property was built in 1910 and includes approximately 1,740 square feet across two stories. The layout provides 3 bedrooms, 2 full baths, and two kitchens, along with a partially finished basement, open front porch, spacious patio, and storage shed.
The property is positioned near Long Branch beaches, the boardwalk, Pier Village, Monmouth University, Monmouth Medical Center, schools, shopping, dining, and the NJ Transit North Jersey Coast Line. Its existing occupancy and residential configuration support continued rental use in an established Jersey Shore community.
The property is positioned near Long Branch beaches, the boardwalk, Pier Village, Monmouth University, Monmouth Medical Center, schools, shopping, dining, and the NJ Transit North Jersey Coast Line. Its existing occupancy and residential configuration support continued rental use in an established Jersey Shore community.
Key Highlights
- Approximately 1,740 sq. ft. two‑story multifamily property
- 3 bedrooms and 2 full baths
- Two kitchens support the existing residential configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,758
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,160
$535.2K
Cap Rate 7%
$382,257
$382.3K
Cap Rate 9%
$297,311
$297.3K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$52.2K $30.00/SF
− Vacancy
−$3.5K −$2.04/SF
EGI
$48.7K $27.96/SF
− OpEx
−$21.9K −$12.58/SF
NOI
$26.8K $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%
$535,160
Cap Rate 7%
$382,257
Cap Rate 9%
$297,311
Alternative Uses
Best Use
Apartment 5plus
$382.3K
$334.5K – $446.0K
NOI $26,758 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.3K
$397.6K – $530.1K
NOI $31,804 @ 7.0% cap · market cap 3.54%
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
1,076
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant-occupied residential asset with dual kitchens, a partially finished basement, outdoor living areas, and dedicated storage.
Where is this multifamily property located?
The property is located at 264 West End Ave Long Branch, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Approximately 1,740 sq. ft. two‑story multifamily property; 3 bedrooms and 2 full baths; Two kitchens support the existing residential configuration
