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253 Mantoloking Rd 4 Unit Apartment Building $2,255,633 CAD ($563,908 CAD/Unit) 6.40% Cap Rate Brick, NJ 08723

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Executive Summary

253 Mantoloking Road, Brick Township, NJ
Offered at $1,650,000
This mixed-use investment property delivers immediate income with strong upside potential.
Two 3-Bedroom Apartments on the first floor, fully rented.
Second Floor Build-Out underway 3 bed 2 bath with 1200 sqft of office
Large On-Site Parking Lot for tenants and office use.
Just minutes to Mantoloking Bridge and the beach, offering a highly desirable location for both residential and commercial tenants.
Strong Returns with a 6.4% cap rate.
A rare opportunity in Brick Township to acquire a stabilized asset with built-in growth potential in a prime Jersey Shore location.

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $195,408 $34.28
Taxes - -
Operating Expenses - -
Total Expenses $52,163 $9.15
Net Operating Income $143,245 $25.13

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $195,408
Annual Per SF $34.28
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $52,163
Annual Per SF $9.15
Net Operating Income (CAD)
Annual $143,245
Annual Per SF $25.13

Property Facts

Price $2,255,633 CAD
Price Per Unit $563,908 CAD
Sale Type Investment
Cap Rate 6.40%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 1.11 AC
Building Size 5,700 SF
No. Stories 2
Year Built/Renovated 2007/2024
Parking Ratio 3.51/1,000 SF
Zoning VZ

Amenities

Unit Amenities

  • Heating
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

Property Taxes

Property Taxes

Parcel Number
07-00109-11-00001
Land Assessment
$376,996 CAD (2025)
Improvements Assessment
$772,299 CAD (2025)
Total Assessment
$1,149,295 CAD (2025)
  • Listing ID: 37897205

  • Date on Market: 2025-10-01

  • Last Updated:

  • Address: 253 Mantoloking Rd, Brick, NJ 08723

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