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200 7th Ave 6 Unit Apartment Building $2,095,000 ($349,167/Unit) 2.15% Cap Rate Asbury Park, NJ 07712
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $2,095,000 | Apartment Style | Low-Rise |
| Price Per Unit | $349,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 2.15% | Building Size | 5,190 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 1.16/1,000 SF |
| Zoning | MU-24 | ||
| Price | $2,095,000 |
| Price Per Unit | $349,167 |
| Sale Type | Investment |
| Cap Rate | 2.15% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,190 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | MU-24 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Oven
- Views
- Freezer
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Walk Score®
Very Walkable (75)
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200 7th Ave
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