300 Deal Lk Drpu11 Asbury Park, NJ 07712-5173
(R3) - Multifamily Residential Zone. [2000 Code § 30-70.6; amended 4-22-2020 by Ord. No. 2020-11 ; 6-9-2021 by Ord. No. 2021-21 ; 3-27-2024 by Ord. No. 2024-6 ] a. Permitted Principal Uses. 1. Detached single family dwellings. 2. Two-family dwellings. 3. Multifamily dwellings. 4. Essential municipal services/facilities. b. Permitted Accessory Uses. 1. Garage…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R3 · Asbury Park, NJ(R3) - Multifamily Residential Zone. [2000 Code § 30-70.6; amended 4-22-2020 by Ord. No. 2020-11 ; 6-9-2021 by Ord. No. 2021-21 ; 3-27-2024 by Ord. No. 2024-6 ] a. Permitted Principal Uses. 1. Detached single family dwellings. 2. Two-family dwellings. 3. Multifamily dwellings. 4. Essential municipal services/facilities. b. Permitted Accessory Uses. 1. Garages. 2. Personal recreational facilities such as swimming pools, basketball hoops, etc., subject to the requirements of this chapter. 3. Driveways for the parking of personal vehicles, subject to the provisions of this chapter. 4. Any other structure which is clearly incidental to the principal residential use of the premises. 5. Minor home occupations. 6. Accessory dwelling units that are incidental and subordinate to one- and two-family homes. c. Permitted Conditional Uses. Pursuant to subsection 30-76.3 of this chapter: 1. Major home occupations. 2. Funeral homes and houses of worship. 3. Townhouse developments. 4. Child care centers. 5. Residential Health Care Facility. d. Off-Street Parking Requirements. 1. Single-family dwellings: Pursuant to § 30-70.3 of this chapter. 2. Two-family dwellings: Three off-street parking spaces. Parking spaces within enclosed garages may be counted towards the parking requirement provided that not more than one driveway parking space is located behind any one garage space. 3. Three- to four-family dwellings: One and one-half parking spaces per dwelling unit. 4. Multi-family dwellings: Zero to one bedroom apartment: One (1) parking space. Two or more bedroom apartment: Two (2) parking spaces.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.