Duplex With Separate
New
For Sale
$599,000
266 Bayside Dr, Highlands, NJ 07732
Two distinct residential units include dedicated living areas and a separate laundry room.
Property Size2,614 SF
Price / SF$229.15
Days on Market3
Property Features for 266 Bayside Dr
General Information
Standard status
Active
Size
2,614 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
separate laundry room
Building Details
Year Built
1923
Buildings
1
Listing Agency:
Jack Green Realty
Listed By:
William Hagan Group
(732) 847-2901
Source:
Williamhagangroup
Added: Sep 13
Changed: Sep 14
Last Checked: Sep 15 at 7:47AM
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 Jack Green Realty
Investment Insights
Based on property information with market context.
Built in 1923, this duplex contains a 2,614-square-foot residential property with two separate units. The first-floor residence offers two bedrooms and one bathroom, while the lower-level unit includes one bedroom and one bathroom. A separate laundry room adds functional support space for the property.
The property is located at 266 Bayside Dr in Highlands, New Jersey, within walking distance of the Seastreak Ferry. Dining, shopping, beaches, and parks are also identified as nearby amenities.
The property is located at 266 Bayside Dr in Highlands, New Jersey, within walking distance of the Seastreak Ferry. Dining, shopping, beaches, and parks are also identified as nearby amenities.
Key Highlights
- Two‑unit duplex configuration
- 2,614 square feet of property size
- First‑floor unit with 2 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
$43,748
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
7.30%
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%
$874,960
$875.0K
Cap Rate 7%
$624,971
$625.0K
Cap Rate 9%
$486,089
$486.1K
Market Conditions
NOI Build-Up for 2,614 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
$66.8K $25.56/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$62.5K $23.91/SF
− OpEx
−$18.7K −$7.17/SF
NOI
$43.7K $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%
$874,960
Cap Rate 7%
$624,971
Cap Rate 9%
$486,089
Alternative Uses
Best Use
Multifamily LT 5
$625.0K
$546.9K – $729.1K
NOI $43,748 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$574.3K
$502.5K – $670.0K
NOI $40,198 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$682.6K
$597.3K – $796.3K
NOI $47,780 @ 7.0% cap · market cap 7.98%
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
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 07732, NJ
4,710
Population
3,040
Households
1.5
Avg Household Size
49
Median Age
54%
College-Educated
91%
High-School Grad
3.8 sq mi
ZIP Area
1,239
Density / Sq Mi
$90,205
Median Household Income
$72,484
Median Earnings
$1,841
Median Rent
$396,800
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 - Two distinct residential units include dedicated living areas and a separate laundry room.
Where is this duplex located?
The property is located at 266 Bayside Dr Highlands, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 2,614 square feet of property size; First‑floor unit with 2 bedrooms and 1 bathroom
