Investment Deals - New Jersey

WorldWide Property Management - Deals November 13, 2026

These are New Jersey listings under $5M that I re-checked for the Nov 13, 2026 update against a target of at least $200 per door per month after operating expenses, reserves and debt service. None meets the target under the stress case on data I could re-verify this week. 11 are candidates because the broker's own numbers clear $200/door after reserves and debt, and every one of them needs underwriting. All figures are unaudited seller or broker marketing data.

Snapshot

For the Nov 13 update I re-checked every listing on the Nov 12 page (10 candidates and 13 near-misses/watchlist) and searched MLS portals (Coldwell Banker, NJ RE Network and other IDX sites), RealMobileHomes, Crexi and LoopNet search results, broker sites and business-for-sale sites for new ones. Changes since Nov 12: one new candidate was added, 402 Billingsport Rd, Paulsboro ($339,999; fully rented triplex), which clears $200/door only on the broker's 10.2% cap claim (which excludes vacancy, repairs and management) and fails under stress. Every other listing was still live at the same asking price and status, and nothing was archived. LoopNet, Compass, Zillow, Realmo and Redfin block automated checks; where I could not confirm a listing, it says so. Per-door cash flow is hard to reach in NJ at 7.25% interest: after reserves, a stabilized deal needs a real cap rate of roughly 8.5–9% or better to clear $200/door at 75% LTV.

0
Meet target under stress
on data re-verified Nov 13
11
Candidates (broker claims)
≥ $200/door on broker NOI after reserves & debt; need underwriting
2
Pass stress on unverified figures
Cramer Hill Quad & Laurel Notch Motel
13
Near-misses / watchlist
see below
10
Archived since Nov 3
sold, pending or not verifiable

Meets target under stress (stated assumptions)

No verified matches this week. No listing clears $200/door/month under the stress case (with reserves) using income figures I re-retrieved for the Nov 13 update and an active status I confirmed. Two candidates clear the stress line only on figures I could not re-verify: Cramer Hill Quad, 2707 Westfield Ave, Laurel Notch Motel, 1043 US-206. Laurel Notch's status conflicts between sources, and Cramer Hill's 11.31% cap is likely pro forma because half its doors are vacant. Neither is counted as a match.

Candidates based on broker claims (need underwriting)

Each of these clears $200/door/month on the broker's NOI after reserves and debt service. They are not confirmed matches. The stress column shows what happens with realistic expenses.

PropertyLocationTypeStatus (Nov 13)PriceDoorsBroker capCF/door/mo (broker NOI)CF/door/mo (stress)Max price for $200 (stress)
23-room motel (unnamed)Atlantic CityMotelStatus not re-verified (no listing date)$1,400,00023 keys20.00% SDE, not NOI$623$70$850,000
Laurel Notch Motel, 1043 US-206BordentownMotelCould not verify (conflicting)$3,900,00031 keys11.00% bare seller claim$421$248$4,176,000
Cramer Hill Quad, 2707 Westfield AveCamdenMixed-use (3 res + 1 retail)Active$400,0004 doors11.31% unverified$375$234$425,000
154 Butler StPatersonMultifamily (3-family)Active$670,0003 units8.25%$368-$90$500,000
402 Billingsport RdPaulsboroMultifamily (triplex)Active$339,9993 units10.20%$358$165$319,000
18-room motel + 2 storefronts (unnamed)South Jersey (town not disclosed)MotelStatus not re-verified (no listing date)$1,400,00018 keys13.21% SDE, not NOI$355$100$1,069,000
164-168 Atlantic St (12-unit)PatersonMultifamily (new construction)Active$3,500,00012 units8.06% unverified$353$59$3,188,000
21-room motel, 253 White Horse PikeGalloway TwpMotelStatus not re-verified (no MLS status/date)$1,099,00021 keys13.65% bare seller claim$262$172$992,000
456 S BroadwayGloucester CityMixed-use (1 res + 1 retail)Active$250,0002 doors9.00% bare seller claim$235$94$211,000
84-88 Jefferson StPatersonMultifamily (2 buildings)Active$999,9995 units8.00%$224$24$838,000
84 Auburn StPatersonMultifamily (6×1BR, built 2020)Active$1,300,0006 units7.80%$209-$190$868,000

CF/door/mo = (NOI − annual debt service − reserves) ÷ doors ÷ 12. "Broker NOI" uses the listing's stated NOI or cap rate. "Stress" uses the lower of 60% of stated gross income or broker NOI cut 15% (motels: a 30% NOI margin on stated revenue, or broker NOI cut 15% if no revenue is published). "Max price" is the price at which the stress case would reach $200/door on the same financing. "Unverified" means the cap rate came from the Nov 3 LoopNet card and I could not re-verify it on Nov 13. "Bare seller claim" means a one-line cap claim with no income detail. "SDE, not NOI" means the seller's "cash flow" figure, which overstates NOI. Click a name to open the source page.

Sources, data basis and red flags

PropertySource checked Nov 13Status detailFigures and their basisUnderwriting notes / red flags
23-room motel (unnamed)BusinessesForSale listingThe BusinessesForSale page is still live on the Nov 13 check with the same figures ($1.4M ask, $425k revenue, $280k ‘cash flow’), but it shows no listing date, MLS number or address, so availability is unconfirmed.Gross: Seller/broker claim: revenue $425,000; ADR ~$95; 45% occupancy. NOI: Seller/broker ‘cash flow’ $280,000. This is likely owner benefit (SDE) before management, FF&E and possibly other costs, not NOI. Debt service $91,074/yr; reserves $16,997/yr; stress NOI $127,500 (30% NOI margin on stated revenue); DSCR 3.07 broker / 1.4 stress.Added Nov 9. Unit = key. Real property is included. The claimed figures don't reconcile: $95 ADR × 23 keys × 45% occupancy ≈ $359k, not $425k, and a 66% cash-flow margin is implausible for a motel. The stress case uses a 30% NOI margin on stated revenue.
Laurel Notch Motel, 1043 US-206Crexi listingThe Crexi listing still loads at $3,900,000 on the Nov 13 check (150 days on market, updated 126 days ago), but OfferMarket said on Nov 9 that the property is ‘no longer for sale’. Crexi's valuation calculator pre-fills a hidden NOI of $450,000 (11.54%); the model keeps the lower 11% claim.Gross: Not published (Crexi hides NOI). NOI: Seller claim: “31 unit Motel (11% Cap Rate)” (OfferMarket) × price. No T-12 or revenue. Debt service $253,705/yr; reserves $18,600/yr; stress NOI $364,650 (broker NOI − 15%); DSCR 1.69 broker / 1.44 stress.Unit = guest room (key); NOI is not cash flow. Hospitality income is volatile and the cap is a bare seller claim. Includes a 3BR owner/manager apartment; absentee-run. Needs a T-12, STR report and franchise/PIP check.
Cramer Hill Quad, 2707 Westfield AveNJ RE Network listing (MLS NJCD2088518)NJ RE Network, Bright MLS NJCD2088518: Active at $400,000 on Nov 13 check (MLS last updated 10/26/2026; reduced 9/15/2026; on market since 3/31/2025).Gross: Not published. NOI: Nov 3 LoopNet card cap 11.31% × price. NOT re-verified and likely pro forma. Debt service $26,021/yr; reserves $1,200/yr; stress NOI $38,454 (broker NOI − 15%); DSCR 1.74 broker / 1.48 stress.MLS remarks: the commercial unit is vacant and only 2 of 3 apartments are rented, so the 11.31% cap cannot be in-place income. 566+ days on market. Taxes $6,577. It passes the stress line only because the stress is applied to an unverified, likely pro forma NOI.
154 Butler StColdwell Banker listing (MLS 4049686)Coldwell Banker, Garden State MLS 4049686: Active at $670,000 on Nov 13 check (reduced from $675,000 on 10/11/2026). Income/expense remarks re-read.Gross: Broker claim in MLS remarks: total yearly income $64,680. NOI: Derived: $64,680 gross − $9,400 ‘total yearly expenses’ (remarks). The MLS expense field separately says $5,100. Debt service $41,135/yr; reserves $900/yr; stress NOI $38,808 (60% of gross); DSCR 1.34 broker / 0.94 stress.Stated expenses ($9,400, or $5,100 in another field) leave out vacancy, repairs, management and reserves. Taxes are $7,511. Renovated 2022 with separate meters and boilers. Remarks mention an assumable 5.47% mortgage, but the balance isn't disclosed, so it isn't modeled.
402 Billingsport RdNJ RE Network listing (Bright MLS NJGL2078384)NJ RE Network, Bright MLS NJGL2078384: Active at $339,999 on the Nov 13 check (60 days on site; last updated 11/3/2026). Three units (1BR, 2BR, 3BR) all rented, separately metered; landlord pays water and sewer (about $450/quarter).Gross: Seller/broker claim: in-place gross rent ‘approximately $46,164’ per year, all three units rented (MLS remarks). NOI: Seller/broker claim: ‘approximate 10.2% cap rate’ × price. The remarks say this cap does not include vacancy, maintenance, repairs or management. Implied expenses are about $11,484/yr (taxes $7,601 + landlord-paid water/sewer about $1,800 + about $2,100 other). Debt service $20,875/yr; reserves $900/yr; stress NOI $27,698 (60% of gross); DSCR 1.66 broker / 1.33 stress.New Nov 13. Unit = apartment (3 residential units). Built 1900; 2,684 SF on a 0.46-acre lot (66×305) zoned R, which the listing pitches for possible subdivision. Taxes $7,601 (2025). The broker's 10.2% cap leaves out vacancy, repairs and management, so it clears $200/door only on that claim and fails under stress (60% of gross). Get the leases, the rent roll and the expense history.
18-room motel + 2 storefronts (unnamed)Avant Business Brokers listing #316Avant Business Brokers listing #316 (Lamon Associates, Cinnaminson) is live on the Nov 13 check: asking $1,400,000, cash flow $185,000, down payment $400,000, real estate included (‘Re Inc.: Yes’), franchise yes. No address, county, listing date or status field, so availability is unconfirmed.Gross: ESTIMATE derived from the listing's own claims: 18 rooms × $110 (midpoint of the stated $100–$120/day) × 60% stated occupancy × 365. Revenue itself is not published; storefront rent is excluded. NOI: Seller/broker ‘cash flow’ $185,000 (Avant/Lamon listing). Likely owner benefit (SDE) before management and FF&E, not NOI; no T-12. Debt service $91,074/yr; reserves $17,345/yr; stress NOI $130,086 (30% NOI margin on stated revenue); DSCR 2.03 broker / 1.43 stress.Added Nov 11. Unit = key (18 guest rooms: 9 single, 9 double); the 2 storefronts are not counted as doors. Renovated 2025 (laundry, bathroom, paint, office, storefronts). Online/OTA sales run 10% of gross. Location is only ‘South Jersey’. Same broker (Lamon) as the Atlantic City 23-room motel, but the room count differs, so it is treated as a separate listing. Stress uses a 30% margin on the derived revenue; on the alternative NOI −15% basis it would be about $226/key, so the result depends heavily on the unverified $185k claim. Get the address, a T-12 and occupancy/ADR history.
164-168 Atlantic St (12-unit)Coldwell Banker listing (NJMLS 26037980)Coldwell Banker (NJMLS 26037980): Active at $3,500,000 on Nov 13 check (MLS last updated Nov 12, 2026; listed Oct 6, 2026). No cap or NOI on the MLS page.Gross: Not published. NOI: Nov 3 LoopNet card cap 8.06% × price. NOT re-verified: the MLS pages show no cap or NOI. Debt service $227,684/yr; reserves $3,600/yr; stress NOI $239,785 (broker NOI − 15%); DSCR 1.24 broker / 1.05 stress.Completed 2023 per MLS (Nov 3 page said 2022). Fully occupied with a super on site and a 30-year tax abatement. Get the PILOT/abatement schedule, rent roll and T-12. The cap rate is unverified.
21-room motel, 253 White Horse PikeBerger Realty listing page (#604052)Nov 13 check: the Berger Realty property page (listing #604052, South Jersey Shore Regional MLS feed) is still live at $1,099,000 and the PDF sheet is unchanged (21 rooms, taxes $16,890). Neither shows a status, listing date or days on market, so availability is unconfirmed.Gross: Not published. NOI: Seller/broker claim: ‘profiting approx. $150,000 per year’ (Berger Realty sheet). Probably owner profit (SDE), not NOI; no revenue, T-12 or expense detail. Debt service $71,493/yr; reserves $12,600/yr; stress NOI $127,500 (broker NOI − 15%); DSCR 2.1 broker / 1.78 stress.Added Nov 10. Unit = key (21 rooms plus a manager’s apartment). Built 2005, remodeled 2023, 2 Jacuzzi rooms. Hospitality International franchise has expired (fee $435/mo, negotiable), so check for re-flagging or PIP costs. The $150k ‘profit’ is a bare one-line claim; the stress case is that figure cut 15%. Get a T-12, occupancy/ADR history and the tax bill.
456 S BroadwayColdwell Banker listing (MLS NJCD2125614)Coldwell Banker, Bright MLS NJCD2125614: Active at $250,000 on the Nov 13 check (68 days on market; updated 11/2/2026). Remarks: fully occupied; the 1,200 SF first-floor commercial space is leased to a pharmacy, with residential tenant(s) on the second floor.Gross: Not published. NOI: Seller/broker claim: ‘a strong 9%+ cap rate’ in the MLS remarks × price (the 9% lower bound is used). No rent roll, gross income or expenses are published. Debt service $16,263/yr; reserves $600/yr; stress NOI $19,125 (broker NOI − 15%); DSCR 1.38 broker / 1.18 stress.Added Nov 12. Unit = door (1 second-floor apartment + 1 ground-floor storefront; the MLS unit field lists 2 units). Zoned commercial, so half the doors are retail, and the pharmacy lease terms (remaining term, gross or NNN) are unknown. Taxes $6,515 (2.6% of price). Built 1925. The 9%+ cap is a bare claim with no figures behind it: it clears $200/door only on that claim, and fails under stress (claimed NOI −15%). Get the leases, the rent roll and the expense history.
84-88 Jefferson StColdwell Banker listing (MLS 4030472)Coldwell Banker, Garden State MLS 4030472: Active at $999,999 on Nov 13 check (listed 5/27/2026, no price change). “Current 8% cap” and $39,479 opex re-read on the page.Gross: Implied: broker NOI $80,000 (“current 8% cap”) + listed operating expenses $39,479. NOI: Broker claim: “current 8% cap” × price. Debt service $65,053/yr; reserves $1,500/yr; stress NOI $68,000 (broker NOI − 15%); DSCR 1.23 broker / 1.05 stress.Listed opex of $39,479 covers heat, insurance, maintenance and taxes ($21,377), but not vacancy, management or reserves. Remarks describe 2×2BR + 3×3BR (5 units), coin laundry and a parking lot. Owner pays heat.
84 Auburn StWeichert listing (MLS 4005403)Weichert IDX page for Garden State MLS 4005403 shows Active at $1,300,000 on the Nov 13 check, with gross $121,092, NOI $101,444 and cap 7.80% in the MLS fields (listed 1/15/2026, no price change).Gross: Broker claim (MLS fields): gross income $121,092. NOI: Broker claim (MLS fields): NOI $101,444, opex $19,648, cap 7.80%. Debt service $84,568/yr; reserves $1,800/yr; stress NOI $72,655 (60% of gross); DSCR 1.2 broker / 0.86 stress.The stated expense ratio (16%) is unrealistic. Tenants pay heat, water, gas and electric. Taxes are listed at only $5,940 (2024), so check for an abatement or reassessment at sale. The listing cap field reads 7.80% (Nov 3 page used 8.00%).

Annual cash flow after debt and reserves (broker NOI, not verified)

23-room motel (unnamed)$171,929
Laurel Notch Motel$156,695
18-room motel + 2 storefronts (unnamed)$76,582
21-room motel$65,907
164-168 Atlantic St (12-unit)$50,816
Cramer Hill Quad$18,019
84 Auburn St$15,076
84-88 Jefferson St$13,447
154 Butler St$13,245
402 Billingsport Rd$12,905
456 S Broadway$5,637

Under the stress case, annual cash flow after debt and reserves ranges from -$13,713 to $92,345 across these candidates.

Top 5 to underwrite first

None of these is a recommendation to buy; they are the candidates most worth a T-12 request.

  1. 84-88 Jefferson St, Paterson ($999,999, 5 units). Listed opex ($39,479 incl. taxes) makes the NOI more credible than most. $224/door on broker NOI and $24 stressed. A price near $838,000 would clear $200 under stress.
  2. 154 Butler St, Paterson ($670k, 3 units). $368/door on stated figures, but -$90 under stress. The assumable 5.47% mortgage could change the math, so ask for the loan balance and payment.
  3. 164-168 Atlantic St, Paterson ($3.5M, 12 units). New construction (2023), fully occupied, with a 30-year abatement. $353/door if the Nov 3 8.06% cap holds; I could not re-verify that cap. Get the PILOT schedule and rent roll first.
  4. 21-room motel, 253 White Horse Pike, Galloway ($1.099M). Added Nov 10. $262/key if the seller's ~$150k "profit" is real NOI, $172 under stress. Built 2005, remodeled 2023; the franchise has expired. Confirm it is available and get a T-12.
  5. Laurel Notch Motel, Bordentown ($3.9M, 31 keys). It clears $200/key under stress ($248) only on the seller's bare 11% cap claim, and one source says it is no longer for sale. Confirm availability, then get a T-12 and STR report.
Before any offer: Every figure is unaudited seller or broker marketing data, and several came from search-index copies of pages that block direct access. Many NJ small-multifamily caps leave out vacancy, repairs, management and reserves. Get T-12s, rent rolls, leases, tax/abatement schedules and written confirmation that each listing is still available before relying on any of these numbers.

Near-misses and watchlist

PropertyLocationTypeStatus (Nov 13)PriceDoorsBroker capCF/door/mo (broker NOI)CF/door/mo (stress)Why it missed / basis
871 Corkery LnWilliamstownMultifamily (4-plex on 10 acres)Active$899,9004 units7.33% unverified$198-$8Fully occupied on month-to-month leases (2×1BR, 2×2BR) plus a vacant structure on 10.09 acres. Taxes are $9,822 (2022). Short of $200 once reserves are included.
59 Railroad AveWashington BoroMultifamily (6 apts + 3 garages + 5 storage)Active$1,249,0006 units7.72%$186-$20Price cut $70,000 on Nov 10, which lifts broker-basis CF from $115 to about $186/door, still short of $200 after reserves. 100% occupied. Broker cites about $8,880/yr of below-market rent upside. Taxes $20,178. Doors = 6 apartments; garages and storage are ancillary income.
332 Water StBelvidereMultifamily (4-plex)Active$640,0004 units7.46% unverified$152-$17Tenants pay all utilities except water/sewer and garbage. Built 1868, recent roof.
Garden State Village MHPToms RiverMobile home park (all-age)Listed (RealMobileHomes page live)$4,500,00085 pads10.00%$146$80Added Nov 9. Unit = pad/lot; NOI is not cash flow. Stated $450K NOI + $165K expenses implies $615K revenue, below 82 × $650 × 12 = $639.6K. Even at the claimed 10% cap, it yields $146/pad after debt and reserves at 75% LTV. Check whether homes are park-owned, plus utility billing and NJ rent-leveling exposure.
4010/4110/4120 New York AveUnion CityMultifamily (3 buildings)Listed (Crexi page live)$1,595,00013 units8.10%$138$14Value-add. Tenants pay heat, hot water, cooking gas and electric; landlord pays water/sewer and common electric. Union City has rent control.
Garden State MHPBurlingtonMobile home park (all-age)Listed (RealMobileHomes page live)$3,000,00055 padsn/an/a$51Added Nov 11. Unit = pad. Tenants pay utilities (city water and sewer, not submetered); trash included. Five vacant lots. With no NOI disclosed, only the stress case is shown (40% expenses on in-place lot rent). Different park from Garden State Village (Toms River).
Shore Pines MHPToms RiverMobile home park (55+)Listed (RealMobileHomes page live)$3,500,00060 padsn/an/a$47Added Nov 9. Unit = pad. With no NOI disclosed, only the stress case is shown (40% expenses on in-place lot rent).
Vineland Estates MHPVinelandMobile home parkListed (RealMobileHomes page live)$2,500,00045 padsn/an/a$10Unit = pad. Tenants pay utilities (city water/sewer). Five vacant lots.
386-390 River StPatersonMixed-use (4 res + 4 commercial)Status not re-verified (no MLS/date)$1,449,0008 doorsn/an/a-$147Added Nov 9. Says ‘fully occupied’ but also mentions ‘a vacant commercial unit ready for lease-up’. Residential rents are month-to-month at $1,200–$1,250. Commercial tenants are auto/tire uses, so check for environmental issues.
219 E Broad StBurlingtonMultifamily (duplex)Active$365,5552 unitsn/an/a-$360Owner pays taxes ($4,885), insurance, gas and water/sewer. On in-place rent it is cash-flow negative. Leasing the vacant 2BR is speculative and isn't modeled. Built 1886.
408 Trenton Rd self storageBrowns MillsSelf storageActive$2,500,000210 storage units / 21,600 SFn/an/an/aNo financials to underwrite. Unit = rentable storage unit. No income disclosed; taxes $27,191. At 75% LTV / 7.25% / 25-yr, debt service is about $162,600/yr; with a $0.15/SF reserve ($3,240), break-even needs NOI ≥ about $165,900. $200 per storage unit per month ($504,000/yr over debt) is not realistic for 210 units. The Nov 3 NOI estimate ($157k) was mine, not the broker's, and has been dropped.
500 Mercer StGloucester CityMultifamily (duplex)Active$375,0002 units (MLS)n/an/an/aNo financials to underwrite. The MLS describes a fully occupied duplex, while the Nov 3 page used 4 units / 8% cap from Crexi. No income on the MLS page. Can be bundled with 235 Monmouth St.
Former Relax Inn, 739 S Second AveGalloway TwpMotelActive$599,00015 units (incl. manager's unit)n/an/an/aNo financials to underwrite. Unit = key. No financials. Also on site: a 1.5-story former 7-room B&B and a garage. A stale LoopNet card shows $1.699M / 24 rooms / 15% cap, which the current MLS listing doesn't support.
Near-miss / watchlist propertySource checked Nov 13Status detailFigures and their basis
871 Corkery LnBaldus IDX listing (MLS NJGL2051026)Bright MLS NJGL2051026: Active at $899,900 on Nov 13 check per Baldus IDX (listing data refreshed Nov 12, 2026). The BHHS Fox & Roach page loaded on the Nov 13 check and also shows ACTIVE at $899,900 (700 days on site; remarks: fully occupied 4-family on month-to-month leases, seller highly motivated).Gross: Not published. NOI: Nov 3 LoopNet card cap 7.33% × price; not re-verified. Debt service $55,250/yr; reserves $1,200/yr; stress NOI $56,069 (broker NOI − 15%). Max price for $200/door under stress: $737,000.
59 Railroad AveColdwell Banker listing (MLS 4043878)Coldwell Banker, Garden State MLS 4043878: Active on the Nov 13 check with the price REDUCED from $1,319,000 to $1,249,000 (−5.31%) on 11/10/2026. Remarks re-read: NOI $96,470, 7.72% cap, gross more than $136,000; taxes now shown as $20,178.Gross: Broker claim: ‘more than $136,000’ annual gross (lower bound used; was ‘more than $135,000’ on Nov 10). NOI: Broker claim: NOI $96,470 at 100% occupancy (7.72% cap ‘on current financials’; was $95,900 on Nov 10). Debt service $81,251/yr; reserves $1,800/yr; stress NOI $81,600 (60% of gross). Max price for $200/door under stress: $1,005,000.
332 Water StColdwell Banker listing (MLS 4030489)Coldwell Banker, GSMLS 4030489: Active at $640,000 on Nov 13 check (MLS last updated Nov 12, 2026). Remarks still say 7.5% cap; the $66,096 / $47,767 figures are not on the page and were not re-retrieved.Gross: Broker claim: gross operating income $66,096 (search-index copy of Redfin/Compass MLS 4030489). NOI: Broker claim: NOI $47,767 (7.46%; remarks say 7.5% cap). Debt service $39,293/yr; reserves $1,200/yr; stress NOI $39,658 (60% of gross). Max price for $200/door under stress: $470,000.
Garden State Village MHPRealMobileHomes listingRealMobileHomes page rendered on the Nov 13 check: $4.50M, 85 lots (82 occupied, 96%), $650 lot rent, NOI $450K, expenses $165K. Marketplace listing; no listing date or broker status field.Gross: Derived from listing: 82 occupied lots × $650/mo lot rent. NOI: Listing claim: NOI $450,000 / 10% cap labelled ‘current (actual)’, with total expenses of $165K (seller-supplied, not a T-12). Debt service $292,737/yr; reserves $8,500/yr; stress NOI $382,500 (broker NOI − 15%). Max price for $200/door under stress: $2,613,000.
4010/4110/4120 New York AveCrexi listing (Matthews)Crexi: $1,595,000 on Nov 13 check, 114 days on market, updated 62 days ago, 8.10% cap in highlights. No under-contract flag shown.Gross: Not published. NOI: Broker claim: 8.10% cap in Crexi highlights × price. Debt service $103,759/yr; reserves $3,900/yr; stress NOI $109,816 (broker NOI − 15%). Max price for $200/door under stress: $1,149,000.
Garden State MHPRealMobileHomes listingRealMobileHomes page rendered on the Nov 13 check: $3.00M, 55 lots (50 occupied, 91%), $650 lot rent; actual NOI shown as ‘—’. Marketplace listing; no listing date or broker status field.Gross: Derived from listing: 50 occupied lots × $650/mo lot rent. NOI: Actual NOI shown as ‘—’; the site's $234K / 7.80% figure is a pro forma model at a 40% expense ratio. Debt service $195,158/yr; reserves $5,500/yr; stress NOI $234,000 (60% of gross). Max price for $200/door under stress: $1,483,000.
Shore Pines MHPRealMobileHomes listingRealMobileHomes page rendered on the Nov 13 check: $3.50M, 60 lots (55 occupied, 92%), $675 lot rent; actual NOI shown as ‘—’. No listing date or broker status field.Gross: Derived from listing: 55 occupied lots × $675/mo. NOI: Not published. Debt service $227,684/yr; reserves $6,000/yr; stress NOI $267,300 (60% of gross). Max price for $200/door under stress: $1,803,000.
Vineland Estates MHPRealMobileHomes listingRealMobileHomes page rendered on the Nov 13 check: $2.50M, 45 lots (40 occupied, 89%), $600 lot rent; actual NOI shown as ‘—’.Gross: Derived from listing: 40 occupied lots × $600/mo. NOI: Actual NOI shown as ‘—’; the site's $173K figure is a pro forma model at 40% expenses. Debt service $162,632/yr; reserves $4,500/yr; stress NOI $172,800 (60% of gross). Max price for $200/door under stress: $927,000.
386-390 River StBroker website (United RE – Sanchez Realty)Broker website page is still live on the Nov 13 check with the same figures ($1,449,000; gross $137,520; taxes $29,560), but it shows no MLS number or listing date.Gross: Broker claim: total gross income $137,520 (headline says $137,620). NOI: Not published; taxes $29,560. Debt service $94,261/yr; reserves $2,400/yr; stress NOI $82,512 (60% of gross). Max price for $200/door under stress: $936,000.
219 E Broad StNJ RE Network listing (MLS NJBL2119838)NJ RE Network, Bright MLS NJBL2119838: Active at $365,555 on Nov 13 check (last updated 11/5/2026). 3BR at $2,000/mo; 2BR vacant.Gross: Verified in MLS remarks: 3BR rented at $2,000/mo; 2BR vacant (in-place income only). NOI: The 8.83% cap used on Nov 3 is not on the MLS page. Debt service $22,444/yr; reserves $600/yr; stress NOI $14,400 (60% of gross). Max price for $200/door under stress: $147,000.
408 Trenton Rd self storageListing pageColdwell Banker, Bright MLS NJBL2121262: Active at $2,500,000 on Nov 13 check (listed 9/23/2026; updated 11/2/2026).No income published.
500 Mercer StListing pageColdwell Banker, Bright MLS NJCD2127058: Active at $375,000 on Nov 13 check (listed 9/17/2026; updated 11/2/2026).No income published.
Former Relax Inn, 739 S Second AveListing pageNJ RE Network MLS 263038: Active at $599,000 on Nov 13 check (22 days on site; updated 11/4/2026).No income published.

Archived since Nov 3 (sold, pending, withdrawn or not verifiable)

These appeared on an earlier page (Nov 3, Nov 9, Nov 10, Nov 11 or Nov 12). They are removed from the counts above because they are under contract, likely sold, off market, or could not be confirmed as available. Nothing new was archived on Nov 13. 304 S Orange Ave was archived on Nov 11, 724 Division St on Nov 10 and the other eight on Nov 9. On Nov 13 I re-checked 304 S Orange (still 404), 724 Division (still removed) and Golden Luck (still Pending).

PropertyLocationPrior sectionPrior priceStatus (when archived)Evidence
304 S Orange AveNewarkNear-miss (Nov 10)$990,000Off market (listing removed; not confirmed sold)Nov 11 check: every live listing page I could load is gone. The Legacy Realty Group IDX page for Garden State MLS 4043437 (the last source showing Active on Nov 10) now returns 404 ‘Listing Not Found … probably because the listing has been sold, removed from the market, or simply moved’ (still 404 when re-checked Nov 12 and Nov 13); Coldwell Banker still shows ‘Property Not Found’ and Turpin Realtors still returns 404. Search-index copies (Coldwell Banker, Fox & Roach, Zillow) still show Active at $990,000 but are cached. The May 26, 2026 foreclosure transfer in public records is the bank's REO acquisition, not a new sale. Treated as withdrawn or under contract, not sold. On Nov 10 it was a near-miss at $181/door on broker NOI.
724 Division StTrentonCandidate (Nov 9)$890,000Off market (likely withdrawn; not confirmed sold)Nov 10 check: Coldwell Banker pages for Bright MLS NJME2069098 return ‘Property Not Found’; NJ RE Network returns HTTP 410 ‘not currently available … sold / rented or withdrawn’; the live Compass page shows no active listing (last event: 2021 sale at $220,000); Houzeo shows ‘Off market’. No new sale is recorded yet, so it is treated as withdrawn or expired, not sold. Re-checked Nov 11, Nov 12 and Nov 13: NJ RE Network still returns HTTP 410 and the Coldwell Banker page returns ‘Property Not Found’ (search-index copies still show a stale ‘Active’ snippet last updated 6/15/2026). On Nov 9 it was a candidate at $313/door on broker NOI and $50 under stress.
110 Westover PlWest New YorkQualifying (Nov 3)$1,650,000Could not verifyNo sale listing found on Nov 9. Zillow and Trulia show ‘Off market’. Public records list 4 dwellings + office (not 6 units), and a mortgage was recorded Sep 3, 2026. Nov 3 link was a LoopNet search page (blocked).
419-425 Elizabeth AveElizabethQualifying (Nov 3)$2,363,913Could not verifyNo sale listing found. A storefront at 419 Elizabeth Ave is listed for lease ($1,200/mo, GSMLS 4023503) and a 3BR unit for rent. Public records: ‘4 stores / 3 apts’.
112 Duncan AveJersey CityQualifying (Nov 3)$2,250,000Likely sold (not confirmed)Public records (ElasticParcel): Notice of Settlement 9/23/2026 and both mortgages discharged 10/22/2026, consistent with a closed sale. Zillow: off market. A LoopNet nearby-listings widget still shows $2.25M, likely stale.
200 Bergenline AveUnion CityQualifying (Nov 3)$980,000Could not verify (no active listing found)Redfin (search-index copy) shows a sale at $838,000 in Jan 2023 and no current whole-building listing; Compass shows unit 5 as a rental.
6201 Atlantic Ave (19-unit)Ventnor CityNear-miss (Nov 3)$1,950,000Under contract (as of Nov 3); not re-verifiedUnder contract per the Nov 3 check. On Nov 9 the LoopNet page blocked/timed out. Long & Foster shows the 6201 Atlantic Ave parcel as public-works property (Ventnor City municipal address), off market, so the listing address may be wrong.
537 Schiller AveHamiltonNear-miss (Nov 3)$480,000Could not verifyLoopNet page blocked/timed out on Nov 9. No MLS sale listing found; on market since Feb 2025 per the Nov 3 note.
Golden Luck Motel, 5171 Route 42Turnersville (Washington Twp)Near-miss (Nov 3)$1,275,000Under contract (Pending)Re-checked Nov 13: still Pending at $1,200,000 (Coldwell Banker, Monmouth MLS 22608768, updated 11/1/2026). Pending as of 11/1/2026 (Coldwell Banker and BHHS Fox & Roach). The Nov 3 page showed $1,275,000; MLS history shows a $1,250,000 list price reduced to $1,200,000 on 6/30/2026.
188 New York AveJersey CityNear-miss (Nov 3)$1,920,000Could not verify (no active listing found)No sale listing found on Nov 9; only public-record pages (PropertyShark). The Nov 3 link was a LoopNet search page (blocked).

Other listings from the Nov 3 page with no financials to underwrite. Status not re-verified since Nov 3, 2026: Travel Inn, Pleasantville ($599,900, 19 rooms); Super Lodge, Absecon ($1.796M, 36 rooms); 141 S Ocean Ave, Atlantic City ($1.8M, 29 units); Jefferson Village SRO, Passaic ($1.25M, 18 rooms); Lake Haven Campground, Montague ($2M, 68.9 acres, 200-site septic capacity, not operating). Clear misses at 7.25% debt: 9-11 Clark St, Newark ($4,999,999, 16 units, 6.78% cap on its LoopNet card) and 396 E Kinney St, Newark (not re-verified). Stale listings I excluded: Economy Storage, Sicklerville (LoopNet card dated 2022) and Passport Inn, Somers Point (LoopNet card from 2025; the property has since been renamed). I found no NJ RV park under $5M with financials. Woodland Trails, Sussex ($3.89M, 42 trailer sites) appeared in search results with no income data. Earlier searches rejected a Morris County motel with property ($2.5M; $135k seller cash flow on $210k revenue), the Somers Point motel at 805 W New York Ave (sold Aug 2025) and NJ self-storage offerings over $5M or below a 6% cap. New searches on Nov 11 rejected: New Egypt Trailer Park, 67 Jacobstown Rd ($775k; closed Aug 2026 per Bright MLS NJOC2040014); 62-64 Lafayette St, Paterson ($1.5M, 7 units, "over 8% cap"; NJMLS 26009747 now "not found or inactive"); 3816 Ventnor Ave, Atlantic City ($549,900, 8.70% est. cap; under contract); 231-233 N High St, Millville (13.33% LoopNet card; sold July 2025); 105-107 Atlantic St, Bridgeton ($699k, 8 units, 9% cap claim; off market); an 18-room Mercer County boarding house ($1.4M; $140k cash flow on $198k revenue, but the listing's real-estate field says "Lease", so the building may not be included); Regency Home Park, Branchburg ($4.5M, 38 pads + 10 motel units + 10 studios + 5 RV sites; source page blocked, no financials retrieved); Pelican Point Motel, Point Pleasant Beach ($4.1M, 29 rooms) and Fountain Motel, Wildwood ($4.299M, 39 rooms), both without income data; and 6–11 unit listings in Jersey City and Perth Amboy at 5–6.5% caps. New searches on Nov 12 rejected: 408-412 Monastery Pl, Union City ($1,279,000, 10 units, listed Nov 8; 6.00% cap, negative after debt at 7.25%); 387 Park St, Hackensack ($4.65M, 11 units, 5.42% cap); 1050 State Rt 23, Wantage ($729,999; "9% cap" claim, but mostly office and banquet-hall space with 2 apartments, and no income figures); 685-691 S Clinton Ave, Trenton ($629,000, 4 apartments + store; "positive NOI" but no figures); 130 Lemmon Ave, Pemberton ($1.65M, 11-home twin portfolio; rent roll only on request); 27 S Florida Ave, Atlantic City ($885,000, 13-room rooming house + 1 apartment; no income figures); 288 South Ave, Bridgeton ($235,000 duplex; one unit vacant, $15,900 in-place rent is negative after debt, the 11% cap is pro forma); 56 Linwood Ave, Monroe Twp (6 units, 8% cap; already closed at $910,000); Green Terrace Motel, 1005 Black Horse Pike, Folsom ($850,000, 11 rooms on about 40 acres) and a 25-unit extended-stay motel at 899 Corkery Ln, Williamstown ($1.7M; MLS last updated March 2026), both without income data; 201 98th St, Stone Harbor ($3.995M motel, no income data); and three 2–3 family listings (Newark, Perth Amboy, Garfield) whose pages now return "Property Not Found". New searches on Nov 13 rejected: 93 Davenport Ave, Newark ($999,000, 4 units, 8.20% cap claim; Pending/under contract since Sep 25, 2026); 485 18th Ave, Newark ($750,000 after a reduction, 4 apartments + 1 street-level unit; stated NOI $52,574 is a 7.01% cap, about $38/door after debt and reserves); 153 New Freedom Rd, Berlin ($475,000 triplex; income is projected market rent, 7.6% cap on that projection); 3069 River Rd + 1013 N 31st St, Camden ($1.95M laundromat/office/apartment + house; "8–10% pro forma cap", no figures); 130–132 Park Ave, Englewood ($1,065,000 4-family, ~8% cap; 2025 MLS listing, not current); and a Clinton self-storage development ($2.5M; the 7.60% cap is projected for a 2027 build). Single-family: at 25% down, 7.25% and 30 years, a $300k house carries about $18,400/yr of debt service, so clearing $200/month plus $300/yr reserves needs about a 7% net yield, which NJ single-family listings rarely offer. None were underwritten.

Underwriting assumptions

Down payment / loan
25% down, 75% loan-to-value. Closing costs, loan fees and acquisition capex are not included
Rate and amortization
7.25% fixed. 1–4 unit residential: 30-year amortization (debt service = 6.14% of price/yr). 5+ units, mixed-use, motels, MHPs and storage: 25-year commercial amortization (6.51% of price/yr)
Reserves (included in every case)
Residential units and commercial storefronts: $300/door/yr replacement reserve. Mobile home parks: $100/pad/yr. Self storage: $0.15/SF/yr. Motels: FF&E reserve of 4% of stated revenue, or $600/key/yr where revenue is not published
Broker-NOI case
NOI = the listing's stated NOI, or stated cap × asking price. For 154 Butler St: stated gross minus the stated $9,400 expenses. For 456 S Broadway: the listing's "9%+ cap" lower bound × price. For 402 Billingsport Rd: the listing's 10.2% cap × price (the remarks say it excludes vacancy, repairs and management). For the Atlantic City and South Jersey 18-room motels: the seller's "cash flow", and for the Galloway motel the seller's "profit", all probably not NOI
Stress case
The lower of (a) 60% of stated gross income (a 40% expense ratio covering taxes, insurance, 5% vacancy, repairs, 6–8% management and owner-paid utilities) or (b) broker NOI cut 15%. MHP gross = occupied lots × stated lot rent. South Jersey 18-room motel: revenue estimated from the listing's stated room rates and occupancy. Motels: 30% NOI margin on stated revenue, or broker NOI −15% if no revenue is published. Reserves and debt service are then deducted
What a "door" means
Apartments: dwelling units. Mixed-use: dwelling units plus commercial storefronts. Motels: guest rooms (keys). MHPs: pads/lots. Storage: rentable storage units. NOI is never treated as cash flow; every per-door figure is after debt service and reserves
Per-door math
Cash flow/door/mo = (NOI − annual debt service − annual reserves) ÷ doors ÷ 12
Meets-target rule
A deal is shown as meeting the target only if (1) its stress-case cash flow is ≥ $200/door/mo, (2) its income figures were re-retrieved for the Nov 13 update and (3) a source showed it Active on the Nov 13 check. Even then, it rests on unaudited broker data
Verification
All listings in the tables were re-checked for the Nov 13, 2026 update (evening of Nov 12, US Eastern time) on public listing, MLS-syndication, marketplace or public-record pages. Where a page blocked automated access (LoopNet, Compass, Zillow, Realmo, Redfin, Crexi details, Fox & Roach), I used the search-index copy and labelled it, or marked the listing "status not re-verified"

Deals Archive

Browse previous daily snapshots of New Jersey deals that cleared the $200/door screen on that day's numbers. Most recent first — use the arrows (or swipe on mobile) for older days. Each day is kept for 60 days from its published date, then removed. Figures are unaudited broker marketing data from that date — not a live inventory.

Daily snapshot
11
listings
0
stress passes

NJ Deals — November 13, 2026

Nov 13, 2026

11 candidates · 0 verified stress passes (2 on unverified figures).

Daily snapshot
10
listings
0
stress passes

NJ Deals — November 12, 2026

Nov 12, 2026

10 candidates · 0 verified stress passes (2 on unverified figures).

Daily snapshot
9
listings
0
stress passes

NJ Deals — November 11, 2026

Nov 11, 2026

9 candidates · 0 verified stress passes (2 on unverified figures).

Daily snapshot
8
listings
0
stress passes

NJ Deals — November 10, 2026

Nov 10, 2026

8 candidates · 0 verified stress passes (2 on unverified figures).

Daily snapshot
8
listings
0
stress passes

NJ Deals — November 9, 2026

Nov 9, 2026

8 candidates · 0 verified stress passes (2 on unverified figures).

Daily snapshot
13
listings
2
stress passes

NJ Deals — November 3, 2026

Nov 3, 2026

13 listings · 2 cleared the stress test.

Areas We Serve

Somerset County: Warren | Watchung | Basking Ridge | Bernardsville | Bridgewater | Somerville

Middlesex County: Edison | Woodbridge | New Brunswick | Piscataway
Morris County: Morristown | Parsippany | Randolph
Union County: Elizabeth | Union | Westfield | Summit
Warren County: Phillipsburg | Washington

Have a question or ready to get started? Reach out — we're here to help.

Address

Office: WorldWide Property Management

55 Mountain Blvd., Second Floor, Warren, 07059

 

Get In Touch

Assistance Hours

Mon – Sat 9:00am – 8:00pm

Sunday – CLOSED

Phone Number:

+1 (908) 408-2665

55 Mountain Blvd, Warren, NJ 07059, USA

©2026 Copyright. All rights reserved