214 39th Street

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214 39th Street

Sea Isle City, NJ 08243
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).

  • Located at 214 39th Street in Sea Isle City, New Jersey
  • Asset category consists of a multifamily apartment building
  • The property configuration comprises two distinct rental units
  • Positioned within the active coastal real estate market
  • Suitable for residential leasing or seasonal housing strategies

What's Special

Sea Isle City serves as a prominent destination along the New Jersey coastline, drawing consistent seasonal demand and steady year-round interest from residents. This multifamily property sits at 214 39th Street, placing it within a coastal community known for its beach-oriented economy and regional accessibility. The asset features two apartment units, providing a manageable scale for investors looking to establish or expand a presence in the local rental market. Given the nature of the coastal submarket, this building supports flexible use cases ranging from long-term residential leasing to seasonal housing solutions. The site benefits from its proximity to the Atlantic shoreline, an area characterized by ongoing recreational activity and localized tourism. Investors will find this a straightforward addition to a portfolio focused on shore-based residential assets, offering a functional footprint for property management in this specific Jersey Shore location.

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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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