2401 New York Avenue

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2401 New York Avenue

North Wildwood, NJ 08260-2923
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).

  • Two-unit multifamily property located in North Wildwood New Jersey
  • Asset is situated at the address 2401 New York Avenue
  • Multi-unit configuration supports diverse residential or seasonal rental strategies
  • Located within the established Cape May County coastal real estate market
  • Functional apartment building asset designed for residential leasing operations

What's Special

This two-unit apartment building located at 2401 New York Avenue provides a functional multifamily investment in the North Wildwood market. Situated in a coastal New Jersey community known for its seasonal tourism and steady residential base, this property is well-positioned for an investor seeking a compact asset in an established neighborhood. The structure offers two distinct residential units, making it suitable for a rental portfolio addition or a live-in ownership arrangement within the greater Atlantic City metro area. North Wildwood serves as a prominent part of the Jersey Shore, attracting consistent demand for rental housing due to its recreational beaches and local economic activity. This property provides an entry point into a region characterized by its high walkability and proximity to essential coastal amenities. Given the configuration, the building is adaptable for long-term residential leasing or conversion to seasonal visitor accommodations, subject to local regulatory frameworks, aligning with the broader demand for housing throughout the Cape May County area.

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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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