Anthony Romano
Licensed Realtor
Investor Relations - New & Modern RealtyThe Brokerage Built for Builders
(201) 366-6986$6,000,000
123 Hidden Street,Asbury Park, NJ 07712
$6,000,000
What builders pay for similar lots nearby
$17,500,000
Based on 2 recent new construction sales nearby
Current Property Type
Multi Family
Projected Resale Build Type
Multi Unit Townhouse Dev
Lot Size
10,500 ~ sqft
Dimensions
120 x 114 ft
Additional Information
Description
The property is a large commercial structure that is capable of supporting an additional story, consisting of 8 new condominium units with an estimated resale value of approximately $1.5M+ per unit, or $12M+ in total residential sellout. The existing ground floor would remain as 10,000+ square feet of retail space, creating a mixed-use project. By leveraging the existing structure, a developer can minimize construction costs while maximizing the property's potential.
Zoning
Residential
Approval Status
Unapproved
Environment
Unknown
Vacant at Closing
Yes
Subject To
Open to discussion
Closing Timeframe
Flexible
Locations of builder purchases and new construction sales
Based on similar sized new construction properties
Multi-unit opportunity — the projected build here is Multi Unit Townhouse Dev. Comp prices below are single-property sales.
← Swipe to see more →
| Image | Address | Price | Type | Lot SqFt | Home SqFt | Beds | Baths | List Date | Sold Date | Status | Builder Names |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 405 Lake Ave, Asbury Park, NJ 07712 | $1,775,000 | N/A | N/A | N/A | 3 | 3 | N/A | Mar 20, 2026 | N/A | N/A | |
| 414b Cookman Avenue, Asbury Park, NJ 07712 | $1,427,000 | Condo | N/A | 2,108 | 3 | 4 | Jun 13, 2026 | N/A | Active | N/A |
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