5 E Winthrop

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5 E Winthrop

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).

  • Residential land available for sale at 5 E Winthrop.
  • Property is situated within the coastal community of Strathmere.
  • Site supports potential for new residential home development.
  • Located in the southern New Jersey shore regional market.
  • Coordinates for the parcel are 39.2005, -74.6532.

What's Special

This residential land parcel located at 5 E Winthrop in Strathmere provides an immediate development site in a desirable coastal environment. Situated within the southern New Jersey shore region, this property benefits from the characteristic quiet atmosphere of a seaside community. The area maintains a steady appeal for those seeking proximity to regional beaches and local waterways, which supports a consistent demand for new residential construction. Developing this site presents an opportunity to deliver housing tailored to the specific needs of the Strathmere market. Prospective buyers can explore various designs suitable for permanent residences or seasonal dwellings, given the existing character of the surrounding neighborhood. Investors and developers will find this location appropriate for projects aimed at enhancing the local inventory in this growing New Jersey coastal 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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