163 83rd Street

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163 83rd Street

Stone Harbor, NJ 08247
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 available for acquisition in Stone Harbor.
  • Located at 163 83rd Street in the 08247 zip code.
  • Situated within a desirable coastal borough in Cape May County.
  • Site supports development of residential housing or vacation properties.
  • Property sits in a stable market with consistent buyer interest.

What's Special

This residential land parcel is positioned at 163 83rd Street in Stone Harbor, New Jersey. Situated in a coastal community known for its seasonal tourism and quiet residential atmosphere, the site presents a development opportunity within a well-regarded borough of Cape May County. The local market maintains consistent appeal for buyers seeking proximity to beaches and regional recreational amenities. Investors and residential developers can leverage this location for the construction of a custom single-family home or vacation retreat tailored to the coastal character of the submarket. The area benefits from stable property values and a demographic profile that favors high-end residential real estate, making this a practical acquisition for those looking to build in a established shore community.

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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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