Brand-New Duplex
98 Amsterdam Avenue Lakewood, NJ 08701
98 Amsterdam Avenue, Lakewood, NJ, 08701
$1,260,000
For Sale
$1,260,000
SINGLE_FAMILY - Other - Lakewood, NJ
Property Size3,394 SF
Price / SF$371.24
Days on Market53
Property Features for 98 Amsterdam Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bedroom 8, Bedroom 3, Bathroom 6, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 7, Bathroom 1, Bathroom 2, Bedroom 2, Basement, Bathroom 5, Bathroom 4
- Patio and Porch features
- Deck
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,394 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned
- Cooling system
- Zoned
- Water source
- Public
Building Details
- Floors in Building
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Velocity Realty
(732) 288-3655
305 Main Street, Lakewood, NJ
Listed by
Toby Nagar
(732) 288-3655
Added: May 27 Checked: Jul 18 at 1:06 pm
MLS# 22615692
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.
Investment Insights
Based on property information with market context.
This brand-new duplex at 98 Amsterdam Avenue in Lakewood, NJ features a modern design and high-end finishes throughout. The property is newly constructed and arranged as a duplex, with spacious living areas intended to support comfortable day-to-day living.
Set in the heart of Lakewood, the home is described as positioned near shopping, dining, schools, and local amenities, offering convenient access to everyday essentials.
With its contemporary layout and recently completed build, this duplex presents a turnkey ownership opportunity for buyers seeking a new residential income property in Lakewood.
Set in the heart of Lakewood, the home is described as positioned near shopping, dining, schools, and local amenities, offering convenient access to everyday essentials.
With its contemporary layout and recently completed build, this duplex presents a turnkey ownership opportunity for buyers seeking a new residential income property in Lakewood.
Key Highlights
- New duplex currently under construction
- Zoned heating and zoned cooling
- Public water and public sewer
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 | $86.8k | $25.56 |
| − Vacancy | −$5.6k | −$1.65 |
| EGI | $81.1k | $23.91 |
| − OpEx | −$24.3k | −$7.17 |
| NOI | $56.8k | $16.74 |
3,394 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$811.5K
$710.0K – $946.7K
NOI $56,803 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$745.6K
$652.4K – $869.9K
NOI $52,193 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$886.2K
$775.5K – $1.03M
NOI $62,037 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Newly constructed duplex offering modern design and high-end finishes, built for contemporary living in Lakewood, NJ.
Where is this duplex located?
The property is located at 98 Amsterdam Avenue Lakewood, NJ.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: New duplex currently under construction; Zoned heating and zoned cooling; Public water and public sewer
