$299,000
●
Land -
For Sale
982 Falkenberg Road
Brick, NJ 08724
Studio
0 Bath
$1,762
Est. Monthly
About This Property
Rare redevelopment opportunity on nearly ½ acre in Brick Township.
The previous residence has been demolished, leaving the existing
foundation/basement (buyers to verify potential reuse). Zoned
Hospital Support/Residential, this unique parcel offers exceptional
flexibility for residential, professional, or investment use,
subject to municipal approvals. Located at the end of a quiet road,
the property provides added privacy while remaining just minutes
from shopping, restaurants, major highways, and commuter routes.
Whether you're looking to build a custom home, pursue a
redevelopment project, or capitalize on the property's versatile
zoning, the possibilities are significant. Sold strictly as-is.
Buyers responsible for all due diligence regarding zoning,
approvals, and intended use.
Unit Size
-
Days on Market
79 days
Land Size
0.45 acres
Price per sqft
-
Property Type
Land
Property Taxes
$293
HOA Dues
-
Year Built
1940
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (MOMLS #22620958)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2026 | Listed by EXIT Realty East Coast Shirvanian | $299,000 | |
| Listed by EXIT Realty East Coast Shirvanian | |||
| Feb 10, 2026 | Listed by EXIT Realty East Coast Shirvanian | $295,000 | |
| Listed by EXIT Realty East Coast Shirvanian | |||
   | |||
|
Opportunity meets potential on this rare half-acre parcel offering exceptional flexibility and upside. Zoned Hospital Support/Residential, this property offers flexibility for redevelopment, renovation, rental potential, or professional use. Set at the end of a quiet road for added privacy, the existing structure includes approx. 1,080 sq ft and a full walk-in basement— providing a strong foundation for transformation. Location matters, and this one delivers with close proximity to hospitals, commercial hubs, and major commuter routes. Sold strictly as-is. Bring your plans, your creativity, and your strategy — opportunities with this level of flexibility and positioning are increasingly hard to find.
| |||
| Jul 25, 2025 | In contract | - | |
| In contract | |||
| May 2, 2025 | Listed | $299,000 | |
| Listed | |||
| | |||
|
Don't Miss This Rare Half-Acre+ Opportunity! ATTENTION INVESTORS and BUILDERS
Your opportunity is here- the chance to create something NEW and VALUABLE
Zoned Hospital Support/Residential.
This is a total renovation...a blank canvas for your project.
Located at the end of a quiet road = privacy.
City water, septic, gas heat PLUS a full walk-in basement.
Whether you're developing residential, rental, or professional use, this location offers unbeatable visibility and convenience to commuting routes, hospitals, and commercial hubs.
Sold as-is. Bring your plans and imagination — the potential here is undeniable!
| |||
Property Highlights
Exterior Details
Building Area Total: 1080
Lot Features: Other, See Remarks, Level
Lot Size Area: 0.45
Lot Size Units: Acres
Lot Size Acres: 0.45
Lot Size Square Feet: 19602
Lot Size Dimensions: 100 x 200
Financial Details
Tax Assessed Value: $128,300
Tax Annual Amount: $3,518
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ocean
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Mary Hart, EXIT Realty East Coast Shirvanian
Last Updated: 3 months ago
Data Source: MOMMLS, MLS# 22620958
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 months ago
Data Source: MOMMLS, MLS# 22620958
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017