200 Deal Lake Dr - Apartments FOR SALE


Asbury Park, NJ 07712
$21,600,000 USD
908-692-7633
200 Deal Lake Dr, Asbury Park, NJ for Sale
$21,600,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

200 Deal Lake Dr
Asbury Park, NJ 07712


HIGHLIGHTS

  • Under market asking price at only $220K per unit
  • Significant upside through unit and interior renovations
  • Diverse mix of studios, one- and two-bedroom apartments including one oversized penthouse with private rooftop terrace
  • Premium amenities, including a fitness center, laundry room, movie theatre and a striking rooftop terrace overlooking the coastal landscape
  • Stunning Atlantic Ocean and Deal Lake views
  • 1.5 miles from train station

OVERVIEW

The property is an eight story residential building with 98 residential units, renovated in 2016.

FOR SALE DETAILS

PRICE

$21,600,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

98

PRICE/UNIT

$220,408

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

200 Deal Lake Drive

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2014

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

MU-24

APN/PARCEL ID

04-04302-0000-00003

ASK ABOUT THIS PROPERTY

Daniel LanniKislakMore Info
908-692-7633

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Daniel LanniKislakMore Info
908-692-7633

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