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253 Mantoloking Rd 1 Unit Apartment Building $1,650,000 ($1,650,000/Unit) 6.40% Cap Rate Brick, NJ 08723
Executive Summary
New Commercial Listing – 253 Mantoloking Road, Brick Township, NJ
Offered at $1,650,000
This mixed-use investment property delivers immediate income with strong upside potential.
Two 3-Bedroom Apartments on the first floor, fully rented.
Second Floor Build-Out Potential: Approved plans and zoning for a third 3-bedroom apartment plus 1,000 sqft of office space.
Pre-plumbed for Expansion, making the additional unit and office easy to complete.
Large On-Site Parking Lot for tenants and office use.
Just minutes to Mantoloking Bridge and the beach, offering a highly desirable location for both residential and commercial tenants.
Strong Returns with a 6.4% cap rate.
A rare opportunity in Brick Township to acquire a stabilized asset with built-in growth potential in a prime Jersey Shore location.
Offered at $1,650,000
This mixed-use investment property delivers immediate income with strong upside potential.
Two 3-Bedroom Apartments on the first floor, fully rented.
Second Floor Build-Out Potential: Approved plans and zoning for a third 3-bedroom apartment plus 1,000 sqft of office space.
Pre-plumbed for Expansion, making the additional unit and office easy to complete.
Large On-Site Parking Lot for tenants and office use.
Just minutes to Mantoloking Bridge and the beach, offering a highly desirable location for both residential and commercial tenants.
Strong Returns with a 6.4% cap rate.
A rare opportunity in Brick Township to acquire a stabilized asset with built-in growth potential in a prime Jersey Shore location.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$144,000
|
$25.26
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$38,440
|
$6.74
|
| Net Operating Income |
$105,560
|
$18.52
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $25.26 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $38,440 |
| Annual Per SF | $6.74 |
| Net Operating Income | |
|---|---|
| Annual | $105,560 |
| Annual Per SF | $18.52 |
Property Facts
| Price | $1,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,650,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.11 AC |
| Cap Rate | 6.40% | Building Size | 5,700 SF |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | ||
| Zoning | VZ | ||
| Price | $1,650,000 |
| Price Per Unit | $1,650,000 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.11 AC |
| Building Size | 5,700 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Zoning | VZ |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Property Taxes
| Parcel Number | 07-00109-11-00001 | Improvements Assessment | $569,500 (2025) |
| Land Assessment | $278,000 (2025) | Total Assessment | $847,500 (2025) |
Property Taxes
Parcel Number
07-00109-11-00001
Land Assessment
$278,000 (2025)
Improvements Assessment
$569,500 (2025)
Total Assessment
$847,500 (2025)
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253 Mantoloking Rd
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