5441 Central

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5441 Central

Ocean City, NJ 08226
Asking Price
$5.20M
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Residential land asset located in Ocean City, New Jersey
  • The property covers a total area of 0.09 acres
  • Asking price for this parcel is set at 5,195,000 dollars
  • Site sits at the coordinates 39.2649 latitude and -74.6108 longitude
  • The land is positioned within a well-known coastal residential submarket

What's Special

This residential land parcel spans 0.09 acres in Ocean City, New Jersey. Situated at 5441 Central, the site occupies a position within this established coastal community, known for its robust seasonal tourism economy and consistent demand for shore-based real estate. The property provides a blank slate for development, allowing potential buyers to execute residential projects tailored to the unique characteristics of this beach-focused market. Its location offers accessibility to the local coastline and the wider amenities that define this popular regional destination. Investors and developers focused on the Ocean City submarket may consider this plot for custom residential construction. The site size is appropriate for single-family residential development, benefiting from the stable population and visitor base that characterize this part of the Jersey Shore. Prospective buyers should evaluate local zoning regulations and development constraints to determine the scope of a viable project on this parcel.

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NOI
$80,000
Cap Rate
1.54%
DSCR
0.26
Underwater
Cash-on-Cash
-14.66%
Monthly Payment
$25,702.026
Annual Cash Flow
$-228,424.306

Location & Travel Times