668 Westwood Ave Long Branch, NJ 07740-5009
R-2 zoning for properties in the boundaries of the MUO District, but rather shall supplement those provisions of § 345-21 of the Code. D. Permitted uses. Permitted uses shall be as follows: (1) Buildings or structures customary for the use and operation of nonprofit institutions of higher learning, including undergraduate, graduate and post-graduate educatio…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Long Branch, NJR-2 zoning for properties in the boundaries of the MUO District, but rather shall supplement those provisions of § 345-21 of the Code. D. Permitted uses. Permitted uses shall be as follows: (1) Buildings or structures customary for the use and operation of nonprofit institutions of higher learning, including undergraduate, graduate and post-graduate educational facilities, and any activities traditionally incidental thereto, with the specific exclusions of dormitories and/or residence halls of any kind, athletic facilities, fraternity or sorority houses; (2) Educational services, including professional offices, training centers, laboratories, wellness centers, museums, or theaters; (3) Buildings or structures customary to a hospitality management program. E. Permitted accessory uses. Permitted accessory uses shall be as follows: (1) Other accessory uses and structures that are customarily incidental to, or supportive of, the permitted principal uses. (2) Off-street parking facilities. (3) Utility structures, provided that they are adequately screened, placed underground or enclosed in a structure in such manner so as to blend with and complement the character of the surrounding area. F. Area and bulk requirements: (1) Minimum lot area: 170,000 square feet. (2) Minimum lot frontage: 400 feet. (3) Minimum lot depth: 400 feet. (4) Maximum building coverage: 40%. (5) Maximum lot coverage: 65%. (6) Minimum front yard setback: 50 feet. (7) Minimum side yard setback: 40 feet. (8) Minimum rear yard setback: 40 feet. (9) Maximum building height: 2 1/2 stories or 40 feet. (10) Accessory buildings: Accessory buildings shall be limited to 1 1/2 stories and/or a fifteen foot maximum height with a minimum setback of 10 feet. When approved as part of a site plan application, buildings may be approved with heights up to 25 feet, provided that for every vertical foot of building height greater than 15 feet, the minimum building setback is increased by two horizontal feet. G. Additional requirements. (1) Where the property abuts a municipal street or a residential use or zone, a strip of land at least 35 feet in width adjacent to same, shall be kept free of any building development, except for landscaping which shall consist of an undulating berm planted with a mass of evergreen trees and shrubs with an average height of six feet, planted in a natural pattern. (2) No primary driveway serving an overlay use shall be located upon a City of Long Branch street or roadway classified, functionally, as a local road.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.