233 93rd Street

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233 93rd Street

Stone Harbor, NJ 08247
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).

  • The property is currently available for purchase as a multifamily asset.
  • This apartment building is located in the borough of Stone Harbor.
  • The site contains a total of two individual residential units.
  • Stone Harbor is a prominent destination situated within Cape May County.
  • The location is positioned in a sought-after coastal New Jersey market.

What's Special

Investors seeking a multifamily asset for sale should consider this apartment building at 233 93rd Street in Stone Harbor, New Jersey. This property consists of two distinct units, providing a manageable opportunity for those looking to expand their portfolio within a coastal community. Stone Harbor is a well-known borough in Cape May County, characterized by its seasonal tourism and residential appeal as a desirable seaside destination along the Jersey Shore. Residential real estate in this region remains stable due to the consistent demand for coastal housing. An asset of this scale is well-suited for long-term rental income or as a value-add project for buyers looking to hold property in a premium island market. Its proximity to local shore amenities and the surrounding regional infrastructure makes it a practical choice for investors focused on the multifamily sector.

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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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