Landmark Former
353 Broadway Long Branch, NJ 07740
New
For Sale
$1,250,000
Former firehouse offering open interior space and high ceilings, suitable for a range of retail, office, and medical concepts.
Days on Market5
Property Features for 353 Broadway
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1910
Listing Agency:
Douglas Elliman of NJ LLC
(732) 859-8505
Listed By:
Chris Katz · License #0681073
(732) 859-8505
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 28 at 1:43PM
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 Douglas Elliman of NJ LLC
Investment Insights
Based on property information with market context.
This property is a former firehouse with open interior space and high ceilings, offering a distinctive architectural presence. The building’s configuration is well suited for flexible commercial use, including retail, office, and medical applications, subject to required approvals.
The asset is located on Broadway in Long Branch, within the evolving Broadway corridor. Public remarks indicate it is minutes from Pier Village, the beach, NJ Transit, Monmouth University, and major highways.
Bike, walk, and transit scores are provided in the remarks (Bikeable 63, Somewhat Walkable 63, Transit 39), supporting its accessibility for area visitors and employees.
The asset is located on Broadway in Long Branch, within the evolving Broadway corridor. Public remarks indicate it is minutes from Pier Village, the beach, NJ Transit, Monmouth University, and major highways.
Bike, walk, and transit scores are provided in the remarks (Bikeable 63, Somewhat Walkable 63, Transit 39), supporting its accessibility for area visitors and employees.
Key Highlights
- Former firehouse built in 1910 with open interior space and high ceilings
- Landmark former firehouse in Long Branch’s Broadway corridor, offered for sale or lease
- Flexible commercial space suitable for retail, restaurant, office, medical, fitness, creative workspace, brewery, or mixed‑use (subject to approvals)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.6k | $30.00 |
| − Vacancy | −$33.8k | −$9.60 |
| EGI | $71.8k | $20.40 |
| − OpEx | −$18.0k | −$5.10 |
| NOI | $53.9k | $15.30 |
3,520 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$769.4K
$673.2K – $897.6K
NOI $53,856 @ 7.0% cap · market cap 4.31%
Second Best
Healthcare Medical
$748.7K
$655.1K – $873.5K
NOI $52,411 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$919.1K
$804.3K – $1.07M
NOI $64,340 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Former firehouse offering open interior space and high ceilings, suitable for a range of retail, office, and medical concepts.
Where is this office building located?
The property is located at 353 Broadway Long Branch, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Former firehouse built in 1910 with open interior space and high ceilings; Landmark former firehouse in Long Branch’s Broadway corridor, offered for sale or lease; Flexible commercial space suitable for retail, restaurant, office, medical, fitness, creative workspace, brewery, or mixed‑use (subject to approvals)
