Mixed-Use Retail and Apartment
515-525 Bay Avenue Point Pleasant Beach, NJ 08742
New
515-525 Bay Avenue, Point Pleasant Beach, NJ, 08742
$2,950,000
For Sale
$2,950,000
COMMERCIAL - Point Pleasant Beach, NJ
Property Size5,609 SF
Price / SF$525.94
Days on Market5
Property Features for 515-525 Bay Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 6
- Parking features
- Paved or Surfaced
- Standard status
- Active
- APN
- 26-00091-01-00026
- Size
- 5,609 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15422
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Forced Air
- Water source
- Public
Building Details
- Floors in Building
- 2
Listing Agency
RE/MAX Bay Point Realtors
(732) 899-8202
526 Bay Avenue, Point Pleasant Beach, NJ
Listed by
James Hannam · License #4217851
(732) 899-8202
Added: Jul 13 Checked: Jul 17 at 11:06 am
MLS# 22621318
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 offering includes two multi-use buildings in downtown Point Pleasant Beach. The property contains combined retail space of approximately 2,300 square feet and four apartments: two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Tenant parking is provided for six cars in the rear of the property, and additional parking is available in nearby public lots.
The buildings are located close to Route 35, the train station, and the boardwalk, supporting a retail and residential mix. The property is zoned General Commercial.
The buildings present a straightforward live-and-lease configuration with dedicated rear parking for tenants and an existing retail component sized to accommodate a range of neighborhood-serving businesses.
The buildings are located close to Route 35, the train station, and the boardwalk, supporting a retail and residential mix. The property is zoned General Commercial.
The buildings present a straightforward live-and-lease configuration with dedicated rear parking for tenants and an existing retail component sized to accommodate a range of neighborhood-serving businesses.
Key Highlights
- Own 2 multi‑use buildings in downtown Point Pleasant Beach with combined retail space of approx. 2,300 SF
- Apartment mix includes 2 two‑bedroom, 1‑bath units and 2 one‑bedroom, 1‑bath units
- Tenant parking for 6 cars in the rear; additional parking available in nearby public lots
Local Financial Insights For Multifamily LT 5
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 | $143.4k | $25.56 |
| − Vacancy | −$9.3k | −$1.65 |
| EGI | $134.1k | $23.91 |
| − OpEx | −$40.2k | −$7.17 |
| NOI | $93.9k | $16.74 |
5,609 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,873 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.44M
NOI $86,255 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,524 @ 7.0% cap · market cap 3.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two multi-use buildings in downtown Point Pleasant Beach offer retail space and four apartments.
Where is this quadplex located?
The property is located at 515-525 Bay Avenue Point Pleasant Beach, NJ.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Own 2 multi‑use buildings in downtown Point Pleasant Beach with combined retail space of approx. 2,300 SF; Apartment mix includes 2 two‑bedroom, 1‑bath units and 2 one‑bedroom, 1‑bath units; Tenant parking for 6 cars in the rear; additional parking available in nearby public lots
