1428 New Jersey Ave

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1428 New Jersey Ave

Cape May, NJ 08204
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 situated in Cape May, New Jersey.
  • Property is located at 1428 New Jersey Ave.
  • The site is designated for residential use cases.
  • Located within the desirable coastal Cape May market.
  • Asset offers development potential in a stable region.

What's Special

Residential development serves as the primary use for this land parcel located at 1428 New Jersey Ave in Cape May, New Jersey. Situated in a coastal market known for its historic charm and tourism-driven economy, the site provides a distinct opportunity for investors or private owners to establish a residential footprint in this sought-after region. The 08204 ZIP code area maintains a stable real estate environment characterized by strong demand for both seasonal and permanent housing. Prospective buyers can leverage the site's location within the Cape May peninsula to capitalize on the area's reputation for heritage architecture and proximity to the Atlantic coast. The property allows for flexibility in project design, catering to custom home construction or residential investment ventures within a well-established community. This land represents a tangible asset for those looking to secure a holding in a prominent New Jersey shore market with consistent appeal to residents and visitors alike.

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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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