Entity Owned 
For Sale
1 / 32
$2,475,000
402 2Nd Ave, Long Branch, NJ 07740
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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.
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1902
Total area
5,021 SF
Lot
0.48 ac (20,775 SF)
Zoning code
R-4
APN
27 00153-0000-00018
UPID
US59-1707855
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$320k
Owner & transaction history
since 2016
1 recorded transaction
Zoning & alternative use
R-4 · Long Branch, NJ
Zoning description
One-family homes in accordance with the regulations of the R-4 District regulations. (2) Home professional offices. (3) Professional offices. (4) Home occupation. (5) Funeral home. (6) Municipal buildings, parks and play…
General category
RESIDENTIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 13 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$320k
Value range
$288k – $352k
±10% around blend
Estimated value / SF
$64 / SF
Confidence
High
13 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$288k
blend $320k
$352k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,021 SF
Lot area
0.48 ac
Year built
1902
Stories
3
APN
27 00153-0000-00018
Zoning
R-4
Assessed value
$494,000
Annual tax
$7,832
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$7,832
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.10M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
21.4 mi away · 5,148 SF
22.1 mi away · 5,289 SF
22.9 mi away · 3,942 SF
23.3 mi away · 4,980 SF
23.8 mi away · 5,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$320k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 99 sales
$264
-76%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $64/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
3.12%
Selected cap rate for this residential income homes
Derived from the Long Branch market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.12%
9.0%
NOI (est.)
$77k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.47M
Move the market yield to see immediate price impact.
Value / SF
$493
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.62%3.12%3.62%
$69k
$2.65M
$2.23M
$1.92M
$77k
$2.95M
$2.47M
$2.13M
$85k
$3.24M
$2.72M
$2.35M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$1.39M
21.4 mi · Nov 2025 · $270/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$7,832
Tax year 2022
Assessed value
$494,000
Assessed 2023
Previous assessed
$494,000
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$300,700
Assessed improvement
$193,300
Land market value
$300,700
Improvement market value
$193,300
Total market value
$494,000
Applied tax rate
27.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Year built
1902
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
5,021 SF
Lot
0.48 ac (20,775 SF)
Zoning code
R-4
APN
27 00153-0000-00018
UPID
US59-1707855
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Long Branch, NJZoning R-4 · permitted uses
R-4 · Long Branch, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
One-family homes in accordance with the regulations of the R-4 District regulations. (2) Home professional offices. (3) Professional offices. (4) Home occupation. (5) Funeral home. (6) Municipal buildings, parks and play…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1902
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.48 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R-4
RESIDENTIAL
Jurisdiction
Long Branch, NJ
Recorded code
R-4
Official district
R-4
Official district profile
What the municipal code says about R-4
Zoning description
One-family homes in accordance with the regulations of the R-4 District regulations. (2) Home professional offices. (3) Professional offices. (4) Home occupation. (5) Funeral home. (6) Municipal buildings, parks and play…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-4 in Long Branch, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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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