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Property profile & analytics
OFF-MARKET Estimated value $1,550,000
Residential income homes

606 1st Ave Asbury Park, NJ 07712-5938

9,512 SF 0.17 ac lot Built 1963
Entity Owned 6-yr Hold
Property ID
US59-0919352
Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1963
Construction BRICK
Total area 9,512 SF
Lot 0.17 ac (7,500 SF)
Zoning code R2
APN 04 02603-0000-00005
UPID US59-0919352
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
$1.55M
Owner & transaction history
606 Apartments LLC · 6 yrs held
606 Apartments LLC
since 2019
1 recorded transaction
2019
$1.6M
Zoning & alternative use
R2 · Asbury Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(R2) - One and Two Family Residential Zone. [2000 Code § 30-70.5; 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 dwellings. 2. Two-family dwellings. 3. Essential municipal services facilities. b. Permitted Accessory Uses. 1. Garages. 2. Personal recreational facilities such as swim…

Zone name One And Two Family Residential
General category RESIDENTIAL
Zone area 43.68 ac
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