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Property profile & analytics
OFF-MARKET Estimated value $2,990,000
Residential income homes

407 7th Ave Asbury Park, NJ 07712-5452

21,048 SF 0.45 ac lot Built 1968
Entity Owned 13-yr Hold
Property ID
US59-2145670
Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1968
Total area 21,048 SF
Lot 0.45 ac (19,500 SF)
Zoning code R1
APN 04 03707-0000-00007
UPID US59-2145670
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
$2.99M
Owner & transaction history
407 7th Ave LLC · 13 yrs held
407 7th Ave LLC
since 2012
3 recorded transactions
2012
$2.1M
2007
Price N/A
1969
Price N/A
Zoning & alternative use
R1 · Asbury Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(R1) - Single Family Residential Zone. [2000 Code § 30-70.3; amended 6-9-2021 by Ord. No. 2021-21 ; 3-27-2024 by Ord. No. 2024-6 ] a. Permitted Principal Uses. 1. Detached single family. 2. Essential municipal services facilities. b. Permitted Accessory Uses. 1. Garages. 2. Personal recreational facilities such as swimming pools, basketball hoops, etc., subj…

Zone name Single Family Residential
General category RESIDENTIAL
Zone area 387.13 ac
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