5512-14 Asbury Avenue

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5512-14 Asbury Avenue

Ocean City, NJ 08226
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 located in Ocean City New Jersey
  • Strategically situated for new residential housing development projects
  • Asset coordinates are verified at 39.2245 and -74.6357
  • Located within the established 08226 ZIP code area
  • Suitable for developers targeting the coastal residential market

What's Special

5512-14 Asbury Avenue presents a residential land parcel situated in Ocean City, New Jersey. This site occupies a coastal location, providing immediate access to the regional geography of the Jersey Shore. Known for its steady seasonal tourism and year-round residential base, Ocean City maintains a consistent demand for housing inventory. The proximity to local infrastructure and coastal amenities makes this a viable prospect for developers seeking to initiate a residential construction project within the established municipal boundaries. Investors looking to expand their portfolio in a popular beach community may find this development site aligns with their specific acquisition strategies. The property offers enough space to support traditional residential configurations consistent with the surrounding architectural landscape. As a land acquisition in a stable submarket, this parcel serves as an entry point for those aiming to capitalize on the character and long-term viability of the Ocean City real estate market.

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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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