Two-Unit Property with Covered
For Sale
$750,000
Pending
416 Broadway, Long Branch, NJ 07740
Duplex with distinct two- and three-bedroom residences, separate meters, central air, and additional basement storage.
Property Size2,230 SF
Days on Market63
Property Features for 416 Broadway
General Information
Standard status
Pending
Size
2,230 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,229
Amenities
central air conditioning
covered front porch
basement
laundry
Building Details
Building Size
2,230 SF
Year Built
1910
Buildings
1
Listing Agency:
Burke&Manna Real Estate Agency
Listed By:
Michael Manna · License #0900958
(732) 455-5420
Source:
Sackmanrealty
Added: Aug 5
Changed: Sep 23
Last Checked: Oct 5 at 10:12PM
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
Investment Insights
Based on property information with market context.
This duplex, built in 1910, contains over 2,230 square feet across two separate residences: a two-bedroom unit and a three-bedroom second-floor unit. Each apartment includes a kitchen, full bathroom, living area, hardwood flooring, and ceramic tile. Forced hot air heat and central air conditioning serve the property, while separate meters support independent utility management.
A 1,083-square-foot basement provides laundry space and additional storage. The building also includes a covered front porch. The property is located near Long Branch beaches, Pier Village, NJ Transit, Monmouth Medical Center, Monmouth University, shopping, dining, and major highways.
A 1,083-square-foot basement provides laundry space and additional storage. The building also includes a covered front porch. The property is located near Long Branch beaches, Pier Village, NJ Transit, Monmouth Medical Center, Monmouth University, shopping, dining, and major highways.
Key Highlights
- Two‑unit layout with one 2‑bedroom apartment and one 3‑bedroom second‑floor apartment
- Over 2,230 square feet of living space
- 1,083‑square‑foot basement with laundry and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,322
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,440
$746.4K
Cap Rate 7%
$533,171
$533.2K
Cap Rate 9%
$414,689
$414.7K
Market Conditions
NOI Build-Up for 2,230 SF
Gross rent
$57.0K $25.56/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$53.3K $23.91/SF
− OpEx
−$16.0K −$7.17/SF
NOI
$37.3K $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 Rate 5%
$746,440
Cap Rate 7%
$533,171
Cap Rate 9%
$414,689
Alternative Uses
Best Use
Multifamily LT 5
$533.2K
$466.5K – $622.0K
NOI $37,322 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$489.9K
$428.7K – $571.6K
NOI $34,293 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$582.3K
$509.5K – $679.4K
NOI $40,761 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,621
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with distinct two- and three-bedroom residences, separate meters, central air, and additional basement storage.
Where is this duplex located?
The property is located at 416 Broadway Long Branch, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit layout with one 2‑bedroom apartment and one 3‑bedroom second‑floor apartment; Over 2,230 square feet of living space; 1,083‑square‑foot basement with laundry and storage areas
