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38 Broad St 4 Unit Apartment Building $2,250,000 ($562,500/Unit) Keyport, NJ 07735
Executive Summary
Legacy Commercial Realty is pleased to present 38 Broad Street, Keyport, NJ, a renovated mixed- use investment opportunit y located in the heart of Keyport’s vibrant downtown.
Situated along the borough’s primary commercial corridor, the property o?ers excellent visibility, strong pedestrian tra?c, and convenient access to the waterfront, local restaurants, shops, and community amenities. With ongoing renovations enhancing the asset and Keyport continuing to attract new residents, businesses, and investment, 38 Broad Street presents an opportunity to acquire a well-located mixed-use property in one of Monmouth Count y’s most active and evolving Bayshore communities.
KEY HIGHLIGHTS
» Prime Broad Street Location - Located on Broad Street, Keyport’s primary retail and dining corridor
» Walkable Downtown & Waterfront
» Walking distance to the waterfront, marina, restaurants, and shopping
» Excellent NYC Commuter Access
» Strong NYC commuter location with convenient access to Routes 35, 36, the Garden State Parkway, and nearby ferry service
» Strong Rental Market Fundamentals
» High-demand Monmouth County rental market with continued investment in the Bayshore region
» Compelling Investment Opportunity
» Great opportunity for both private investors and 1031 exchange buyers
Situated along the borough’s primary commercial corridor, the property o?ers excellent visibility, strong pedestrian tra?c, and convenient access to the waterfront, local restaurants, shops, and community amenities. With ongoing renovations enhancing the asset and Keyport continuing to attract new residents, businesses, and investment, 38 Broad Street presents an opportunity to acquire a well-located mixed-use property in one of Monmouth Count y’s most active and evolving Bayshore communities.
KEY HIGHLIGHTS
» Prime Broad Street Location - Located on Broad Street, Keyport’s primary retail and dining corridor
» Walkable Downtown & Waterfront
» Walking distance to the waterfront, marina, restaurants, and shopping
» Excellent NYC Commuter Access
» Strong NYC commuter location with convenient access to Routes 35, 36, the Garden State Parkway, and nearby ferry service
» Strong Rental Market Fundamentals
» High-demand Monmouth County rental market with continued investment in the Bayshore region
» Compelling Investment Opportunity
» Great opportunity for both private investors and 1031 exchange buyers
Property Facts
| Price | $2,250,000 | Building Class | C |
| Price Per Unit | $562,500 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 3,776 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2006 |
| Apartment Style | Low-Rise | ||
| Zoning | GC - Zoning is GC | ||
| Price | $2,250,000 |
| Price Per Unit | $562,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,776 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2006 |
| Zoning | GC - Zoning is GC |
Amenities
Unit Amenities
- Balcony
- Views
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+4.5 | 4 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 24-00021-01-00059 | Improvements Assessment | $923,100 |
| Land Assessment | $210,000 | Total Assessment | $1,133,100 |
Property Taxes
Parcel Number
24-00021-01-00059
Land Assessment
$210,000
Improvements Assessment
$923,100
Total Assessment
$1,133,100
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