1524 New York Avenue

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1524 New York Avenue

Cape May, NJ 08204-0000
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 1524 New York Avenue.
  • The site is available for purchase within the 08204 ZIP code.
  • Geographic location coordinates are 38.9377 and -74.8981.
  • Development potential for custom residential use in a historic coastal town.

What's Special

This residential land in Cape May, New Jersey, occupies a strategic location at 1524 New York Avenue. Cape May is known for its historic charm and vibrant coastal economy, which continues to draw residents and visitors alike to the southern tip of the state. The property resides within an established community, benefiting from proximity to the regional amenities and local infrastructure characteristic of this popular destination. Given the coastal nature of the submarket, the site presents a clear potential for custom residential development suited to either a primary residence or a vacation property. Investors and developers will find this parcel positioned to leverage the long-term desirability of the Cape May region. With its specific geographic coordinates of 38.9377, -74.8981, the site remains well-situated for those seeking to build in a well-regarded municipal area that balances historic character with sustained interest in residential growth.

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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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