1500 New York Avenue

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1500 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 property structure features two individual residential units
  • Positioned within a popular Jersey Shore coastal community
  • Suitable for residential investment or small-scale rental operations
  • Located at 1500 New York Avenue in the 08260 zip code

What's Special

This multifamily apartment building contains two residential units and is situated at 1500 New York Avenue in North Wildwood, New Jersey. The property provides a residential investment option within this coastal community, which remains a consistent draw for seasonal residents and vacationers alike. North Wildwood benefits from its position along the Jersey Shore, characterized by a steady influx of regional tourism and a robust local rental market. Investors may find this asset suitable for long-term residential leasing or as a manageable addition to a compact real estate portfolio. Its location within the 08260 zip code places the asset near local thoroughfares and amenities typical of a beach-oriented municipality. The layout allows for straightforward management while capitalizing on the ongoing demand for rental inventory in the southern New Jersey region.

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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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