78 1st Street, Keyport, NJ 07735
- Added:
- Apr 11, 2025
- Days on Market:
- 445
- Last Refresh:
- Jun 29 at 8:06 pm
Property Features for 78 1st Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 4
- Parking features
- Off Street, On Street, Alley
- Exterior features
- Display Window, Outdoor Shower
- Basement
- Dirt Floor, Partial
- Standard status
- Active
- APN
- 24-00093-0000-00003
- Size
- 3,787 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13875
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Forced Air, Hot Water(Heating)
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Flooring type
- Wood
Listing agent Valli Morano (732) 741-3030
Listing office Better Homes and Gardens Real Estate Murphy & Co. 94 Maple Ave., Red Bank, NJ (732) 741-3030
Listing date Apr 11, 2025
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
- Historic Keyport property with 2 buildings and 3 income‑producing units
- Mixed‑use unit includes approx. 850 SF retail/office space plus an apartment above
- Colonial‑style house approx. 2,500 SF with 5 bedrooms, LR, DR, fireplace, and basement
- Fully rented presently; no leases reported
- Utilities: public water and public sewer
- Year built: 1920; wood flooring; heating options include baseboard, forced air, and hot water heat; central air plus window units
Overview
Local Financial Insights For Apartment 5plus
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 | $113.6k | $30.00 |
| − Vacancy | −$7.7k | −$2.04 |
| EGI | $105.9k | $27.96 |
| − OpEx | −$47.6k | −$12.58 |
| NOI | $58.2k | $15.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Keyport
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.199211
- Latitude
- 40.43857
