2459 First Avenue

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2459 First Avenue

Avalon, NJ 08202
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 at 2459 First Avenue in Avalon.
  • Property sits within the desirable coastal market of New Jersey.
  • The land is designated for residential development purposes.
  • Site coordinates are positioned at 39.0982 latitude and -74.7178 longitude.
  • Asset type is land classified under the residential sub-type.

What's Special

For sale is a residential land parcel situated at 2459 First Avenue in Avalon, New Jersey. This site presents a cleared foundation for custom development within a sought-after coastal community. Avalon maintains its reputation as a prominent destination along the Jersey Shore, drawing seasonal residents and year-round homeowners who value proximity to the Atlantic coastline and established neighborhood amenities. Given the zoning and residential character of the surrounding area, this asset is well-suited for developers looking to build a primary residence or a vacation property. The location benefits from the steady demand for housing in this coastal municipality, which remains a focal point for investment in the southern New Jersey real estate market. Buyers will find this parcel positioned to accommodate modern architectural designs while aligning with the quiet, residential nature of the local streetscape.

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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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