96 1st Ave
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96 1st Ave
2,275 SF 100% Leased Retail Building Atlantic Highlands, NJ 07716 £788,211 (£346/SF) 6% Net Initial Yield
Investment Highlights
- Heavy Foot Traffic
- Mixed-Use
- Both coffee shop and residential apartment have excellent tenants!
- Newly Renovated Apartment
- Located in the heart of Atlantic Highlands on First Ave!
Executive Summary
LOCATION, LOCATION, LOCATION! Mixed-use building in sought after Atlantic Highlands NJ right on First Ave! Close to beaches, major transportation, shopping, dining and located steps from NYC Ferry, Hwy 36, and all the amazing business and amenities Atlantic Highlands has to offer. The property includes an established coffee shop and newly renovated 2BR/1BA apartment also currently rented. This meticulously kept upper-level residence offers the perfect blend of style, comfort, and functionality. The well-appointed kitchen features quartz countertops, shaker style cabinetry, subway tile backsplash, full stainless steel appliance package and in-unit Washer & Dryer.
The spacious open concept kitchen and living room leads to a large roof deck. Two generous sized bedrooms overlooking First Ave and additional oversized closet for storage. Both units are currently rented with excellent tenants. Truly one of a kind opportunity to own such a unique and charming building in town. Inquire today!
The spacious open concept kitchen and living room leads to a large roof deck. Two generous sized bedrooms overlooking First Ave and additional oversized closet for storage. Both units are currently rented with excellent tenants. Truly one of a kind opportunity to own such a unique and charming building in town. Inquire today!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,275 SF
Building Class
C
Year Built
1910
Price
£788,211
Price Per SF
£346
Net Initial Yield
6%
NOI
£47,293
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.31
Land Acres
0.04 AC
Zoning
B-1
Frontage
25 ft on 1st Ave
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 05-00097-0000-00005 | Improvements Assessment | £198,197 |
| Land Assessment | £175,789 | Total Assessment | £373,986 |
PROPERTY TAXES
Parcel Number
05-00097-0000-00005
Land Assessment
£175,789
Improvements Assessment
£198,197
Total Assessment
£373,986
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96 1st Ave
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