34 Harbor Cove

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34 Harbor Cove

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 located at 34 Harbor Cove in Cape May
  • Asset is currently available for purchase within the New Jersey market
  • Site coordinates are registered at 38.9453 latitude and -74.9052 longitude
  • Property is suitable for the development of residential housing projects
  • Located in a prominent coastal region with significant seasonal activity

What's Special

34 Harbor Cove presents a residential land parcel available for sale in the coastal city of Cape May, New Jersey. Situated at coordinates 38.9453, -74.9052, this site offers potential for a custom residential development in a region known for its historic charm and active seasonal tourism market. Cape May serves as a primary destination in the southern reaches of the state, benefiting from a stable local economy driven by leisure, hospitality, and residential growth. This property is well-positioned for an owner-occupant or developer looking to establish a foothold in a sought-after shoreline community. The site provides a flexible canvas for various residential project types, consistent with the neighborhood character and regional demand for quality living spaces along the Atlantic coast.

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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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