1111 New York Avenue

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1111 New York Avenue

North Wildwood, NJ 08260
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building located in North Wildwood New Jersey
  • The residential property contains a total of two units
  • Asset is situated at the address 1111 New York Avenue
  • Property located in a popular coastal tourism market region
  • Positioned near regional thoroughfares in the Cape May area

What's Special

North Wildwood serves as a prominent coastal destination within the South Jersey shore region, maintaining consistent seasonal demand and a stable local economy. This multifamily asset at 1111 New York Avenue provides a functional residential investment in a well-established beach community. The property features two distinct units, offering a straightforward profile for those seeking a small-scale addition to their portfolio. Apartment buildings in this market benefit from the proximity to regional attractions and the broader tourism-driven economy of Cape May County. Potential use cases for this site include long-term residential leasing or conversion into seasonal vacation rentals to capture the summer influx of visitors to the island. Its placement in North Wildwood keeps occupants near primary roadways and coastal infrastructure, supporting utility for various management strategies in this popular vacation corridor.

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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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