Financial
Distress signals
Property profile

402 2Nd Ave Long Branch, NJ 07740

FOR SALE
Residential income homes
Property ID
US59-1707855
5,021 SF 0.48 ac lot Built 1902
Last sale May 2016
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This multifamily property consists of two distinct residential buildings located on two separate lots in Long Branch, New Jersey, at 402 2nd Avenue. The complex contains a total of 8 rental units, distributed across the two buildings under one ownership structure. The units are individually laid out, with interior configurations designed to make efficient use of space and provide resident comfort within the overall building design. The property is situated near Pier Village, including access to beaches, the boardwalk area, and nearby local amenities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$8k
Tax billed · 2022
Assessed value · 2023$494k
Assessed land$301k
Assessed improvement$193k
Effective rate1.59%

Value estimate

· Sep 2026
$320k
$288k – $352k
Submarket $/SF estimate$1.10M
NOI build-up
Gross scheduled income$151k
Vacancy & credit loss−$10k
Operating expenses−$63k
NOI · 3.12% cap applied$77k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$264/SF
County average, outlier-cleaned · 99 recorded sales of this use type
Observed band · Q1–Q3$220 – $300
Qualifying comparables13

Cap rate analysis

How does the asset earn?
3.12%
$77k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R-4
One-family homes in accordance with the regulations of the R-4 District regulations. (2) Home professional offices. (3) Professional offi...
General categoryRESIDENTIAL
JurisdictionMONMOUTH

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Daycare Center8.8
Watch Repair Shop8.8
Veterinary Clinic8.6

Location

402 2Nd Ave Long Branch, NJ 07740
County assessor Recorded deeds · 1 transfer 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
55 Matilda, Long Branch, NJ 07740-8800 $1,850,000 Dec 2023 7,030 SF
247 Cedar, Long Branch, NJ 07740-5080 $3,150,000 Nov 2023 9,041 SF
168 Chelsea, Long Branch, NJ 07740-6784 $2,500,000 Jul 2022 5,310 SF
643 Westwood, Long Branch, NJ 07740-5082 $1,670,000 May 2022 7,077 SF
147 Franklin, Long Branch, NJ 07740-8217 $1,165,000 Mar 2022 7,963 SF
655 Westwood, Long Branch, NJ 07740-5083 $915,000 Mar 2021 5,146 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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