37 Webster Avenue

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37 Webster Avenue

Strathmere, NJ 08248
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel encompasses 0.15 acres of land in Strathmere
  • Designated as residential land for future development projects
  • Site located at 37 Webster Avenue in New Jersey
  • Positioned within a desirable coastal residential market environment

What's Special

This residential land spans 0.15 acres at 37 Webster Avenue in Strathmere, New Jersey. The parcel sits within a coastal community known for its shore-front character and proximity to regional beaches. Opportunities for this site include the development of a single-family home or residential investment project tailored to the local market demand for housing. The coastal landscape and established residential street grid provide a foundation for residential construction near major southern New Jersey shore points. Given the size and residential designation, the site functions as a straightforward acquisition for individual builders or investors seeking a presence in a shoreline environment. Local access to transportation arteries allows for connectivity throughout the surrounding cape region, making the location practical for seasonal or year-round residential use.

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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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