74 E 26th Street

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74 E 26th Street

Avalon, NJ 08202
Asking Price
$7.00M
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Residential land parcel situated in Avalon, New Jersey
  • Prime coastal development site located at 74 E 26th Street
  • Offered for sale at an asking price of 6,999,000
  • Strategically positioned within the established 08202 submarket
  • Ideal prospect for custom residential development projects

What's Special

This residential land parcel comprises an expansive opportunity for development at 74 E 26th Street in Avalon, New Jersey. Situated in a sought-after coastal municipality known for its resilient real estate market and tourism-driven economy, the site provides a strategic foundation for high-end residential construction. Its prime positioning within the 08202 zip code aligns well with the ongoing demand for premium housing stock along the Jersey Shore, where investors consistently seek land for custom homes or boutique residential projects. Given the site's characteristics and the surrounding neighborhood profile, the parcel is well-suited for developers looking to capitalize on Avalon's robust appeal among year-round residents and seasonal visitors alike. The property represents a clear entry point into an established beach community with limited available inventory, offering a versatile blank canvas for potential residential build-outs that cater to the local market's discerning expectations.

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NOI
$80,000
Cap Rate
1.14%
DSCR
0.19
Underwater
Cash-on-Cash
-15.98%
Monthly Payment
$34,627.233
Annual Cash Flow
$-335,526.799

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