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    Four-Family Home Near the Beach Title is generated by Realmo AI

    70 K Street, Seaside Park, NJ 08752

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    Claim this Listing
    For Sale
    $1,799,000

    MULTI_FAMILY - Seaside Park, NJ

    Property size:
    2,417 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $744/SF
    Added:
    Jul 8, 2025
    Days on Market:
    318
    Last Refresh:
    May 21 at 3:06 pm

    Property Features for 70 K Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    13
    Bathrooms
    5
    Rooms
    Bedroom 2, Bathroom 2, Bathroom 5, Bathroom 3, Bedroom 7, Bedroom 6, Bedroom 12, Bedroom 4, Bedroom 10, Bedroom 9, Bedroom 8, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 13, Bedroom 5, Bathroom 1, Bedroom 11
    Parking features
    Off Street, Assigned
    Patio and Porch features
    Patio
    Interior features
    Attic, Balcony, Recessed Lighting
    Basement
    Crawl Space
    Standard status
    Active
    APN
    28-00059-0000-00002
    Size
    2,417 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    11113

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Multi Units
    Water source
    Public

    Building Details

    Year built
    1979
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Tile - Ceramic, Laminate
    Building materials
    Shingle Siding

    We can help!

    Listing Contact
    Anthony Conselice

    Listing agent Anthony Conselice License #7937355

    Listing office Arthur Rue Agency 210 NE Central Ave, Seaside Park, NJ

    Listing date Jul 8, 2025

    MLS# 22520193 Listing URL

    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.

    HighLights

    • Ocean side location in the desirable Seaside Park.
    • Four‑family home offering immediate income generation potential.
    • Newly renovated top unit features five bedrooms and two bathrooms.
    • All units (except the top unit) are currently rented.
    • Off‑street parking is available.
    • Each unit is equipped with heating.

    Overview

    This four-family home is located in Seaside Park. The top unit has been renovated with five bedrooms and two bathrooms. Units one and three each feature three bedrooms and one bathroom, while unit four offers two bedrooms and a full bathroom. All apartments are currently rented, except for the renovated top floor. The property is suitable for immediate income generation. Each unit is equipped with heating. The property includes off-street parking and is located near the beach. The lot size is 0.11 acres, and the property size is 2417 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Real Estate Agency Dental Office Restaurant Nail Salon Building Supply Gym & Fitness Center Daycare Center Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seaside Park
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.0765034
    Latitude
    39.9311398

    Nearby Similar for Sale

    • $799,900
      2,600 SF

      Mixed-Use Building Near Seaside Park

      Three-unit commercial building near beach, boardwalk, and bay.
      1409-1411 NW Central Avenue, Seaside Park, NJ 08752
      View Details
    • $949,000
      2,459 SF

      Seaside Park Multi-Family Opportunity

      Legal 3-family home near beach and bay.
      1105 Boulevard, Seaside Park, NJ 08752
      View Details
    • $799,900
      2,600 SF

      Mixed-Use Building Near Beach

      Three-unit commercial building near beach with redevelopment potential.
      1409-1411 NW Central Avenue, Seaside Park, NJ 08752
      View Details
    • $99,000

      Established Restaurant Franchise Opportunity

      Turnkey Mystic Lobster Roll Company franchise for sale in Seaside Park.
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    FAQs

    What type of property is this?
    Quadplex - Four-unit property in Seaside Park, near the beach.
    Where is this quadplex located?
    The property is located at 70 K Street Seaside Park, NJ.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: Ocean side location in the desirable Seaside Park.; Four‑family home offering immediate income generation potential.; Newly renovated top unit features five bedrooms and two bathrooms.
    (732) 793-0473
    We can help!
    Listing Contact
    Anthony Conselice
    Real Estate License ID: 7937355
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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