Multifamily Apartment
For Sale
$3,699,000
380 Division Street Unit 380, Long Branch, NJ 07740
For-sale multifamily apartment building in Long Branch, suited for buyers seeking residential income property exposure.
Property Size9,436 SF
Price / SF$392.01
Days on Market58
Property Features for 380 Division Street Unit 380
General Information
Standard status
Active
Size
9,436 SF
Property subtype
General Commercial
Building Details
Year Built
1966
Listing Agency:
EXP Realty
(866) 201-6210
Listed By:
Charlotte Toomey
Source:
Xome
Added: Jun 5
Changed: Jul 10
Last Checked: Jun 24 at 4:44AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This for-sale multifamily apartment building is identified as a residential income property and is listed as Apartment buildings / Other apartment buildings. The offering is designated for unit 380 at 380 Division Street, indicating a specific building unit within the property identification.
The property is located at 380 Division Street Unit 380 in Long Branch, New Jersey 07740. No additional details are provided regarding unit mix, on-site amenities, or physical configuration beyond the multifamily apartment building designation.
This asset may fit investors and owner-operators looking to acquire a multifamily residential income property in Long Branch. Because the provided information does not include rent rolls, condition, or operating history, prospective buyers should conduct due diligence on the building’s current operational status, unit composition, and any deferred maintenance or upgrades prior to making a decision.
The property is located at 380 Division Street Unit 380 in Long Branch, New Jersey 07740. No additional details are provided regarding unit mix, on-site amenities, or physical configuration beyond the multifamily apartment building designation.
This asset may fit investors and owner-operators looking to acquire a multifamily residential income property in Long Branch. Because the provided information does not include rent rolls, condition, or operating history, prospective buyers should conduct due diligence on the building’s current operational status, unit composition, and any deferred maintenance or upgrades prior to making a decision.
Key Highlights
- Multifamily apartment building in Long Branch
- Year built: 1966
- On‑site parking for 8 vehicles
Financial Insights For Apartment 5plus
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 | $283.1k | $30.00 |
| − Vacancy | −$19.2k | −$2.04 |
| EGI | $263.8k | $27.96 |
| − OpEx | −$118.7k | −$12.58 |
| NOI | $145.1k | $15.38 |
9,436 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.07M
$1.81M – $2.42M
NOI $145,107 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.16M – $2.87M
NOI $172,475 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,605
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - For-sale multifamily apartment building in Long Branch, suited for buyers seeking residential income property exposure.
Where is this apartment building located?
The property is located at 380 Division Street Unit 380 Long Branch, NJ.
What is the asking price?
The asking price for this property is $3,699,000.
What are key features of this property?
This property features: Multifamily apartment building in Long Branch; Year built: 1966; On‑site parking for 8 vehicles
