Property profile

420-424 Broadway 424 Point Pleasant Beach, NJ 08742

OFF-MARKET
Commercial real estate
Property ID
US59-1971974
2,496 SF 0.55 ac lot
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction CONCRETE BLOCKS
Total area 2,496 SF
Lot 0.55 ac (24,000 SF)
Zoning code LC
APN 26 00161-0000-00005
UPID US59-1971974

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

420-424 Broadway, Unit 424 Point Pleasant Beach, NJ 08742-2614
Point Pleasant Beach metro Census 710101 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2019
3 recorded transactions
2019
$1.1M
2019
$1.1M
2013
$875,000

Zoning & alternative use

LC · Point Pleasant Beach, NJ
Zoning description

For any nonconforming single family dwelling located within the LR, SF-2, SF-5, HR, RR-1, RR-2 and RR-3, LC ZONING DISTRICTS (said zoning districts to be defined hereinafter as "residential zoning districts") of the Boro…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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