246 90th Street

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246 90th 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).

  • Two-unit multi-family apartment building for sale
  • Located at 246 90th Street in Stone Harbor
  • Residential asset situated within a coastal New Jersey market
  • Flexible configuration suitable for varied rental strategies
  • Property occupies a prime position within the borough

What's Special

This two-unit apartment building at 246 90th Street in Stone Harbor provides a residential investment opportunity within a desirable coastal municipality in New Jersey. Stone Harbor maintains a steady demand for rental housing due to its regional popularity as a seasonal and year-round destination along the Atlantic coast. The property structure accommodates two distinct units, offering flexibility for investors interested in multi-family portfolio expansion or long-term rental income strategies. Situated within the local market, the asset is positioned to serve residents seeking proximity to the borough's amenities and local shoreline access. The current configuration is suitable for a variety of residential occupancy models, ranging from annual leasing to seasonal arrangements common in this submarket.

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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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