380 Division Street, Long Branch, NJ 07740
380 Division Street, Long Branch, NJ 07740
380 Division Street, Long Branch, NJ 07740
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Sharon Burroughs-Clarke

Sharon Burroughs-Clarke

+1(917) 940-2118
$3,950,000
Est. payment /mo
9,436 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 9,436 sqft

Price per Sqft $418

Municipality Long Branch (LON)

MLS Listing ID 22602341

Annual Tax Amount $23,508

Tax Year 2025

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 100 x 150

Property Sub-Type Commercial

Source MOREMLS (Monmouth Ocean Regional REALTORS®)

Property Description

380 Division Street represents a compelling 1031 exchange replacement opportunity for investors seeking immediate, stable income, minimal management burden, and long-term appreciation in a coastal New Jersey market. Converted from a convent in 2023, this fully occupied 14-unit apartment building features modern interiors, upgraded systems, strong life-safety infrastructure, and institutional-grade security-significantly reducing capital expenditure risk for the new owner.
With a low annual operating expenses, and a one-bedroom-heavy unit mix, this asset is ideally suited for buyers under 1031 timelines who require a turnkey, stabilized property with durable cash flow.

Newer conversion (2023)
Fully occupied with in-place rents
Low operating exp

Location

State NJ

County Monmouth

Area None

Direction GSP Exit 105, 36 East, Right on Broadway, right on Morris, Right on Division, Number 380.

Rooms

Basement Slab

Interior

Cooling Electric

Exterior

Parking Features On Site, Parking Lot

Amenities Available Laundry, Common Area

Roof Type Shingle

Private Pool No

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

New Construction Yes

Others

Senior Community No

Tax ID 27-00190-0000-00007

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Monmouth Ocean MLS (MOMLS)
Listed by EXP Realty

NEARBY SCHOOL & BUSINESS

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Sharon Burroughs-Clarke

Sharon Burroughs-Clarke

+1(917) 940-2118

Broker Associate | License ID: 1752455

Broker Associate License ID: 1752455

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