142 Ocean Avenue, Unit 3B

Long Branch, New Jersey

Prepared for J. Bennett · Analysis Reference: RRG-2026-0417

82PROPERTY SCORE™ / 100

PROPERTY & MARKET

Asking Price$685,000

Size667 sq ft

Price / sq ft$1,027

Estimated Rent$2,170/month

Fair Value$712,000

Fair Value Gap3.8% below fair value

INVESTMENT DECISION

Gross Yield3.80%

Net Yield2.95%

Pradixium Deal Rating™Strong Buy

ConfidenceHigh

Suggested Offer$665,000

DecisionRecommended

MARKET EVIDENCE

NJ Treasury Benchmark$1,000/sq ft

Government Value$667,000

Asking vs Market2.7% above market

Transaction PeriodQ2 2026

Market AreaLong Branch, NJ

SourceNJ Division of Taxation — SR1A Sales Records

INVESTMENT HIGHLIGHTS

Priced close to the town's own government-recorded transactions.
Prime oceanfront location supports steady long-term rental demand.
Yield is modest but typical for the Jersey Shore's oceanfront segment — this is a capital-preservation profile, not a cash-flow play.

KEY RISKS

Net yield is thin once HOA fees and property tax are factored in.
New Jersey's property tax rate is among the highest in the US and directly compresses net yield.

INVESTOR ACTION

This is a well-located property priced near fair value. Given New Jersey's high property tax load limits upside on income, this fits better as a long-term capital-appreciation hold than a yield play — open to negotiating toward the suggested offer given the property has been listed for over 60 days.