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Property profile & analytics
OFF-MARKET
Residential income homes
509 Asbury Ave Ocean Gate, NJ 08740
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0151146
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1908
Construction
FRAME
Total area
881 SF
Lot
0.1 ac (4,338 SF)
Zoning code
R
APN
22 00032-0000-00016
UPID
US59-0151146
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
by Request
Owner & transaction history
Lindsay Clark Reed · 4 yrs held
Lindsay Clark Reed
since 2022
Last sale
$330,000
6 recorded transactions
Zoning & alternative use
R · Ocean Gate, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ocean Gate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Gate submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,402
Tax year 2022
Assessed value
$158,300
Assessed 2023
Previous assessed
$158,300
+0.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$64,700
Assessed improvement
$93,600
Land market value
$64,700
Improvement market value
$93,600
Total market value
$158,300
Applied tax rate
22.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1908
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
1
Bathrooms
2
Total area
881 SF
Lot
0.1 ac (4,338 SF)
Zoning code
R
APN
22 00032-0000-00016
UPID
US59-0151146
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R · Ocean Gate, NJ
Zoning R · permitted uses
R · Ocean Gate, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean Gate. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1908
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
1
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Lindsay Clark Reed
Individual
Mailing address
PO BOX 618, OCEAN GATE, NJ 08740-0618
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
$330,000
Lindsay Clark Reed
Salvatore La Ferlita
Deed
—
Nov 1, 2007
$165,000
Salvatore Laferlita
Connoly,sandra M
Grant Deed
—
Sep 13, 2004
$123,758
Sandra M Connolly
Mann,eleanor J
Grant Deed
—
—
—
Salvatore Laferlita
—
Deed Of Trust
related
$25,000 · Columbia Bank
—
—
Salvatore Laferlita
—
Deed Of Trust
related
$140,000 · Amtrust Bank
—
—
Salvatore Laferlita
—
Deed Of Trust
related
$118,030 · Columbia Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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