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Property profile & analytics
OFF-MARKET
Estimated value
$2,520,000
Residential income homes
213 2nd Ave Asbury Park, NJ 07712-6264
Individually Owned
3-yr Hold
Property ID
US59-0724828
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1971
Total area
17,712 SF
Lot
0.4 ac (17,250 SF)
Zoning code
WPRA
APN
04 04003-0000-00011
UPID
US59-0724828
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.52M
Owner & transaction history
K Hovnanians Aegean At Asbury Park · 3 yrs held
K Hovnanians Aegean At Asbury Park
since 2023
Last sale
$1
4 recorded transactions
Zoning & alternative use
WPRA · Asbury Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Waterfront Prime Renewal Area
General category
UNKNOWN
Zone area
115.02 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Asbury Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asbury Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.52M
Range $2.27M – $2.77M · ±10% · vs last sale $1 (May 17 2023)
Last sale anchor
$1
May 17 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$45,165
Tax year 2022
Assessed value
$3,362,700
Assessed 2023
Previous assessed
$3,362,700
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,818,900
Assessed improvement
$1,543,800
Land market value
$1,818,900
Improvement market value
$1,543,800
Total market value
$3,362,700
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1971
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
17,712 SF
Lot
0.4 ac (17,250 SF)
Zoning code
WPRA
APN
04 04003-0000-00011
UPID
US59-0724828
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
WPRA · Asbury Park, NJZoning WPRA · permitted uses
WPRA · Asbury Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Waterfront Prime Renewal Area
General category
UNKNOWN
Zone area
115.02 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
K Hovnanians Aegean At Asbury Park
Individual
Mailing address
110 FIELDCREST AVE, EDISON, NJ 08837-3626
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2023
—
K Hovnanians Aegean At Asbury Park
K Hovnanians Aegean At Asbury Park
Intrafamily Transfer
related
—
Feb 19, 2004
$1
Sigford Ventures LLC
Fenimore
Grant Deed
$787,000 · Sovereign Bank
Feb 19, 2004
$787,000
Sovereign Bank
Sigford Ventures LLC
Grant Deed
related
—
—
—
Sigford Ventures LLC
—
Deed Of Trust
related
$3,000,000 · Oritani Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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