Two-Bedroom
New
For Sale
$185,000
5423 SUFFOLK COURT, Ventnor City, NJ 08406
A second-floor unit offers a private front entrance and two parking passes.
Property Size883 SF
Days on Market5
Property Features for 5423 SUFFOLK COURT
General Information
Standard status
Active
Size
883 SF
Total Parking Spaces
2
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Building Details
Building Size
883 SF
Year Built
1972
Stories
2
Listing Agency:
RE/MAX ONE Realty-Moorestown
Listed By:
Richard P Bradford · License #0228298
(856) 866-2525
Source:
Anthonychiolo.kw
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 3:30PM
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 RE/MAX ONE Realty-Moorestown
Investment Insights
Based on property information with market context.
This second-floor condominium has two bedrooms and one bathroom, with its own front entrance. Interior improvements include engineered flooring and updated kitchen and bath finishes. The unit was built in 1972.
Two parking passes are assigned to the unit. Association fees cover heat, hot water, water, sewer, and association and flood insurance.
Two parking passes are assigned to the unit. Association fees cover heat, hot water, water, sewer, and association and flood insurance.
Key Highlights
- Two bedrooms and one bathroom
- Second‑floor unit with a private front entrance
- Engineered flooring, updated kitchen, and updated bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,839
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,780
$176.8K
Cap Rate 7%
$126,271
$126.3K
Cap Rate 9%
$98,211
$98.2K
Market Conditions
NOI Build-Up for 883 SF
Gross rent
$17.1K $19.32/SF
− Vacancy
−$989 −$1.12/SF
EGI
$16.1K $18.20/SF
− OpEx
−$7.2K −$8.19/SF
NOI
$8.8K $10.01/SF
Area
Atlantic County, NJ
Vacancy
5.80%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,780
Cap Rate 7%
$126,271
Cap Rate 9%
$98,211
Alternative Uses
Best Use
Apartment 5plus
$126.3K
$110.5K – $147.3K
NOI $8,839 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$328.8K
$287.7K – $383.6K
NOI $23,018 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 08406, NJ
9,188
Population
7,772
Households
1.2
Avg Household Size
51
Median Age
38%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
4,594
Density / Sq Mi
$75,034
Median Household Income
$51,057
Median Earnings
$1,460
Median Rent
$345,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A second-floor unit offers a private front entrance and two parking passes.
Where is this residential income property located?
The property is located at 5423 SUFFOLK COURT Ventnor City, NJ.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom; Second‑floor unit with a private front entrance; Engineered flooring, updated kitchen, and updated bath
