619 Jonathan Hoffman Road

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619 Jonathan Hoffman Road

Cold Spring, NJ 08204-4306
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • The property features a total area of 2.23 acres.
  • This residential land is situated in Cold Spring, New Jersey.
  • The site is available for purchase within the 08204 zip code.
  • This parcel offers development potential for residential housing projects.
  • Cape May County provides a stable market for long-term investment.

What's Special

This 2.23-acre parcel of residential land sits at 619 Jonathan Hoffman Road in Cold Spring, New Jersey. Positioned within a growing coastal market, the site provides a functional footprint for development in a region known for its proximity to vacation destinations and regional transit corridors. The size of the plot offers flexibility for residential site planning, catering to various housing configurations that align with the area's growth patterns. The location benefits from the steady economic environment of Cape May County, which sustains consistent demand for residential inventory. Developers and investors may consider this property for single-family residential projects or other permissible housing types within the municipal zoning guidelines. Its accessibility and footprint make it a practical consideration for those looking to expand their presence in this established New Jersey submarket.

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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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