157 16th Street

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157 16th Street

Avalon, NJ 08202-2334
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel located in Avalon, New Jersey.
  • Property situated at 157 16th Street, zip code 08202.
  • Vacant lot suitable for new residential construction projects.
  • Positioned within a popular coastal New Jersey community.
  • Coordinates placed at 39.1046, -74.7143 for precise identification.
  • Development opportunity in an established regional residential market.

What's Special

Avalon maintains a reputation as a prominent residential destination along the New Jersey coastline, characterized by its steady appeal to seasonal residents and permanent homeowners alike. This residential land parcel at 157 16th Street occupies a prime position within this established coastal community, benefiting from the high demand for housing in one of the region's most sought-after shore towns. Proximity to local beaches and central community amenities underscores the strategic nature of this site. Developers and individual investors can utilize this lot to construct a custom single-family home or a larger residential residence tailored to the specific aesthetics and regulations of the Avalon market. The property provides a clear canvas for new construction, allowing for architectural flexibility that meets current coastal design standards. Its location within a stable submarket ensures long-term viability for residential development projects, appealing to those seeking to capitalize on the enduring strength of the Jersey Shore real estate sector.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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