Luxury Condo Near the
For Sale
$1,275,000
300 Cookman Avenue #326 Asbury, Asbury Park, NJ 07712
Well-maintained condo with ocean views, chef's kitchen, and parking.
Property Size2,463 SF
Price / SF$517.66
Days on Market425
Property Features for 300 Cookman Avenue #326 Asbury
General Information
Standard status
Active
Size
2,463 SF
Property subtype
Condominium
Amenities
Cable Ready
Ceiling Fan(s)
Central Air
Zoned
Forced Air
Self Cleaning Oven
Dishwasher
Dryer
Gas Range/Oven
Microwave
Refrigerator
Range
Washer
Deck, Patio, Underground Utilities, Cable Connected, Electricity Connected, Natural Gas Connected, Asphalt
Building Details
Building Size
2,463 SF
Year Built
2007
Stories
2
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
COLDWELL BANKER REALTY
(908) 233-5555
Source:
Kw
Added: Aug 15, 2025
Changed: Aug 8
Last Checked: May 19 at 9:24PM
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 luxury condo, located two blocks from the ocean, features crown molding and 9-foot ceilings, offering views of the ocean, Wesley Lake, and the Ocean Grove auditorium. This two-story unit is accessible via elevators to the 3rd floor, which includes a living room, dining area, and a chef's kitchen equipped with stainless steel appliances, granite counters, and a 5-burner stove. A den and closet space are also located on this floor. The 4th floor features a master bedroom with a full bath and walk-in closet, two additional bedrooms, and a laundry room. A sitting room with a wet bar and sliders leads to an oversized deck with ocean and river views. The property includes two garage parking spots and a lockable storage bin on the 4th floor. Additional features include a tankless water heater and central A/C. Building amenities include a gym and a park-like outdoor area. The property is located in Asbury Park, NJ.
Key Highlights
- Ocean, lake, and landmark views from this luxury condo just two blocks from the ocean.
- Two‑story unit with elevator access, two garage parking spots, and a storage bin.
- Chef's kitchen with stainless steel appliances and granite counters.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,876
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,520
$757.5K
Cap Rate 7%
$541,086
$541.1K
Cap Rate 9%
$420,844
$420.8K
Market Conditions
NOI Build-Up for 2,463 SF
Gross rent
$73.9K $30.00/SF
− Vacancy
−$5.0K −$2.04/SF
EGI
$68.9K $27.96/SF
− OpEx
−$31.0K −$12.58/SF
NOI
$37.9K $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%
$757,520
Cap Rate 7%
$541,086
Cap Rate 9%
$420,844
Alternative Uses
Best Use
Apartment 5plus
$541.1K
$473.5K – $631.3K
NOI $37,876 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$643.1K
$562.8K – $750.3K
NOI $45,020 @ 7.0% cap · market cap 3.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained condo with ocean views, chef's kitchen, and parking.
Where is this apartment building located?
The property is located at 300 Cookman Avenue #326 Asbury Asbury Park, NJ.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Ocean, lake, and landmark views from this luxury condo just two blocks from the ocean.; Two‑story unit with elevator access, two garage parking spots, and a storage bin.; Chef's kitchen with stainless steel appliances and granite counters.
