200 7th Ave - Apartments FOR SALE


Asbury Park, NJ 07712
$2,095,000 USD
732-245-6393
200 7th Ave, Asbury Park, NJ for Sale
$2,095,000 USD
Apartments - FOR SALE
1/50
null | 2.15% Cap Rate

200 7th Ave
Asbury Park, NJ 07712


OVERVIEW

Development Opportunity! Unobstructed ocean views meet unlimited potential in this exceptional Asbury Park property. Currently configured as a fully rented 3-family home, this site offers both strong existing income and rare development upside. Located within the Asbury Waterfront Redevelopment Zone, the property allows for the construction of a multi-story structure, presenting an incredible opportunity for developers, investors, or visionary builders seeking to create a landmark project just steps from the beach. Enjoy ocean vistas, easy access to the boardwalk, and proximity to Asbury Park's thriving restaurants, nightlife, and arts scene. Whether you hold for income or develop, this property delivers unmatched potential in one of the Jersey Shore's most desirable communities.

FOR SALE DETAILS

PRICE

$2,095,000 USD

PRICE/SF

$404 USD /SF

# OF UNITS

6

PRICE/UNIT

$349,167

CAP RATE

2.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,202 SF

ZONING

MU-24

APN/PARCEL ID

04-04201-0000-00005

ASK ABOUT THIS PROPERTY

Matthew MastrorilliKeller Williams Realty Ocean Living (The BradfordMore Info
732-245-6393

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Matthew MastrorilliKeller Williams Realty Ocean Living (The BradfordMore Info
732-245-6393

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.