1208 New York Avenue

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1208 New York Avenue

North Wildwood, NJ 08260
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 North Wildwood New Jersey
  • Prime coastal location within the 08260 zip code area
  • Asset provides clear potential for residential development projects
  • Property situated at coordinates 39.0028 and -74.8031
  • Well-suited for builders targeting the shore housing market

What's Special

This residential land parcel is located at 1208 New York Avenue in North Wildwood, New Jersey. Situated in a coastal community, the site sits within a region known for its seasonal tourism economy and steady residential demand. The property provides a blank canvas for residential development, well-positioned for builders or investors looking to establish a presence in this active shore market. Close proximity to local beaches and infrastructure makes this an appropriate candidate for single-family or multi-family housing projects. North Wildwood maintains a consistent appeal for both vacationers and year-round residents, supported by a network of accessible regional thoroughfares. The local market dynamics favor projects that integrate into the established character of this beachside municipality, offering developers a viable opportunity to contribute to the area's housing stock in an identifiable coastal setting.

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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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