Duplex Near the
For Sale
$999,000
65 Atlantic Avenue, Long Branch, NJ 07740
Corner-lot residence with a detached garage, wraparound porch, basement, and stand-up attic.
Property Size2,006 SF
Price / SF$498.01
Days on Market16
Property Features for 65 Atlantic Avenue
General Information
Standard status
Active
Size
2,006 SF
Total Parking Spaces
2
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
wraparound porch
full basement
full stand-up attic
hardwood floors
millwork
Building Details
Year Built
1907
Buildings
1
Listing Agency:
Atlantic Real Estate Brokers,LLC
Listed By:
Paul Ziajski
(833) 740-1234
Source:
Actionplusrealty
Added: Aug 6
Changed: Aug 21
Last Checked: Aug 21 at 10:50AM
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 Atlantic Real Estate Brokers,LLC
Investment Insights
Based on property information with market context.
This 1907 duplex is configured as a two-family home on a large corner lot near the beach. The property includes a detached two-car garage, wraparound porch, full basement, and full stand-up attic. Hardwood flooring and period millwork add distinctive interior character, while the two-family layout supports separate residential occupancy.
The home is situated a few hundred yards from the beach and near shopping and transportation. A high-speed ferry connection to New York City and the Netflix studios development are also identified in the surrounding area. The property is outside a flood zone and did not sustain water damage from Superstorm Sandy.
The home is situated a few hundred yards from the beach and near shopping and transportation. A high-speed ferry connection to New York City and the Netflix studios development are also identified in the surrounding area. The property is outside a flood zone and did not sustain water damage from Superstorm Sandy.
Key Highlights
- Two‑family home built in 1907
- A few hundred yards from the beach
- Large corner lot with detached 2‑car garage
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
$33,573
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
3.36%
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%
$671,460
$671.5K
Cap Rate 7%
$479,614
$479.6K
Cap Rate 9%
$373,033
$373.0K
Market Conditions
NOI Build-Up for 2,006 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
$51.3K $25.56/SF
− Vacancy
−$3.3K −$1.65/SF
EGI
$48.0K $23.91/SF
− OpEx
−$14.4K −$7.17/SF
NOI
$33.6K $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%
$671,460
Cap Rate 7%
$479,614
Cap Rate 9%
$373,033
Alternative Uses
Best Use
Multifamily LT 5
$479.6K
$419.7K – $559.6K
NOI $33,573 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$440.7K
$385.6K – $514.1K
NOI $30,848 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$523.8K
$458.3K – $611.1K
NOI $36,666 @ 7.0% cap · market cap 3.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
216
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 - Corner-lot residence with a detached garage, wraparound porch, basement, and stand-up attic.
Where is this duplex located?
The property is located at 65 Atlantic Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family home built in 1907; A few hundred yards from the beach; Large corner lot with detached 2‑car garage
