Brick Mixed-Use
For Sale
$659,000
42 Broad Street, Keyport, NJ 07735
Commercial Sale, Keyport, NJ
Property Size2,900 SF
Lot Size0.03 Acres
Price / SF$227.24
Days on Market187
Property Features for 42 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed, Commercial
Rooms
Basement
Parking features
On Street, Parking Lot
Exterior features
Display Window
Basement
Full
Directions
Route 36 to Broad Street, cross Maple, cross Front, building on the left.
Standard status
Active
APN
24-00021-01-00060
Size
2,900 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9075
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Flooring type
Tile, Wood
Building materials
Brick
Roof type
Flat
Listing Agency:
Heritage House Sotheby's International Realty
(732) 946-9200
Listed By:
Dennis Fotopoulos · License #2297828
(732) 673-9347
Added: Apr 10
Changed: Oct 2
Last Checked: Oct 13 at 1:06AM
MLS# 22609692
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,900-square-foot mixed-use building at 42 Broad Street includes approximately 1,500 square feet of first-floor retail or commercial space and approximately 1,400 square feet of residential area above. The property features a display window, exposed brick, tile and wood flooring, forced-air heating, a flat roof, and a basement. Renovation work has started, allowing the next owner to complete the interior according to applicable requirements.
The property is in downtown Keyport near Keyport Waterfront Park, shops, dining, and the waterfront promenade. Parking includes a lot and on-street spaces, with public water and public sewer service. The second floor was previously arranged as a two-bedroom apartment; any changes to the residential layout or permitted uses remain subject to municipal zoning and Planning Board approval.
The property is in downtown Keyport near Keyport Waterfront Park, shops, dining, and the waterfront promenade. Parking includes a lot and on-street spaces, with public water and public sewer service. The second floor was previously arranged as a two-bedroom apartment; any changes to the residential layout or permitted uses remain subject to municipal zoning and Planning Board approval.
Key Highlights
- 2,900 SF mixed‑use building on a 0.03‑acre lot
- Approximately 1,500 SF of first‑floor retail or commercial space
- Approximately 1,400 SF of second‑floor residential space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,596
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,920
$891.9K
Cap Rate 7%
$637,086
$637.1K
Cap Rate 9%
$495,511
$495.5K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$87.0K $30.00/SF
− Vacancy
−$5.9K −$2.04/SF
EGI
$81.1K $27.96/SF
− OpEx
−$36.5K −$12.58/SF
NOI
$44.6K $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%
$891,920
Cap Rate 7%
$637,086
Cap Rate 9%
$495,511
Alternative Uses
Best Use
Apartment 5plus
$637.1K
$557.5K – $743.3K
NOI $44,596 @ 7.0% cap · market cap 6.77%
Second Best
Retail
$591.3K
$517.4K – $689.9K
NOI $41,393 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$757.2K
$662.6K – $883.5K
NOI $53,007 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Explore this area
Business Placement
Demographics for 07735, NJ
18,652
Population
8,411
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
3,807
Density / Sq Mi
$98,760
Median Household Income
$57,988
Median Earnings
$1,520
Median Rent
$384,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level layout combines commercial space with a residential component in a walkable downtown setting.
Where is this mixed-use property located?
The property is located at 42 Broad Street Keyport, NJ.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 2,900 SF mixed‑use building on a 0.03‑acre lot; Approximately 1,500 SF of first‑floor retail or commercial space; Approximately 1,400 SF of second‑floor residential space
