481 42nd Street

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481 42nd Street

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 in Avalon, New Jersey
  • Prime development site at 481 42nd Street
  • Asset type classified specifically as residential land
  • Opportunity for custom residential construction near the coast
  • Situated within the popular seaside community of Avalon

What's Special

Avalon is a coastal community in New Jersey, known for its established residential atmosphere and proximity to the Atlantic shoreline. This residential land parcel is situated at 481 42nd Street, offering a development opportunity within a highly sought-after seaside environment. The site is positioned to accommodate a new residential project, catering to those looking to build in a destination known for its seasonal and year-round appeal. Investors and developers will find the location suitable for creating custom coastal homes that align with the character of the surrounding borough. The surrounding area features infrastructure designed for residential use, providing a clean slate for new construction. With its placement near the coast, the land provides access to the recreational amenities and beach-oriented lifestyle that define this part of the Jersey Shore. Prospective buyers can leverage this site to execute a residential development strategy tailored to the local housing market.

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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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