Two-Unit Property with Covered
New
For Sale
$750,000
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
Price / SF$336.32
Days on Market7
Property Features for 416 Broadway
General Information
Standard status
Active
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
(732) 455-5420
Listed By:
Michael Manna · License #0900958
(732) 455-5420
Source:
Sackmanrealty
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 10 at 8:09AM
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 = 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
$37,322
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
4.98%
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%
$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
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
$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 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%
$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
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,610
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?
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
