28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States. - Hero Image
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28
40th St
Sea Isle City | New Jersey

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Francis Mellace
Francis Mellace
Presented At
$4,800,000
Bedrooms
2
Bathrooms
2
Living
918
SQFT
28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States. - Photo 1
28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States. - Photo 2
28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States. - Photo 3
28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States. - Photo 4
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28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States. - Photo 10
28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States. - Photo 11
28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States. - Photo 12
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28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States. - Photo 23
28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States. - Photo 24
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28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States. , Sea Isle City , New Jersey 08243

2 Bedrooms Single Family Detached

Location: The properties consist of building on the corner of 4001 Landis and the home behind it at 28 40th St. This is arguably noted as the busiest corner in Sea Isle City. Currently the corner building hosts the Coastal Chop House, South Jersey new and Premier Steakhouse and 2 condos above, which is located Directly across from the famous Ocean Drive Restaurant and Bar. 40 St is also the main walk-up street to the public beach access. These Properties are one of if not the most prime location in all of Sea Isle City for both residential and commercial development. Plans have been approved for the demolition of 4001 Landis and 28 4th St. to combine the 2 lots and rebuild a new building that would house a 1st floor commercial redevelopment consisting of 1 main sit down restaurant and 6 walk up food vendor windows. The 2nd floor would consist of 6 units 5 being approximately 1260 Sq foot 2 story Condos and 1 commercial unit of the same size. Obviously a potential buyer may choose other options including continuing the existing uses of the buildings but these plans are approved and add significant value. Current Project Approval: The first floor must remain commercial. The second and third floors will consist of 5 condos (for residential use). Each unit is approx. 1260 Sq Ft. The sixth unit must also remain commercial, potentially for managing the property (e.g., HOA or similar). Pricing & Financials: Asking Price: $4.8 million. Anticipated Resale of Upper Units: Between $1.3M
  • $1.5M each for the condos. They do have ocean views. ROI $6.5
  • $7.5M just in the resale condo

Property

3D Street View Tour

Map showing 28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States.

Property Location

28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States., Sea Isle City New Jersey

Local Weather & Climate

Sea Isle City, New Jersey

Current Conditions Updated recently
56 °F
Scattered clouds
Feels Like 56°F
Humidity 85%
Wind 1 mph
Visibility 2.7 mi
Sunrise 11:19 AM
Sunset 10:59 PM
5-Day Forecast
Tue 10 Mar
Clouds
High 59°
Low 49°
Wed 11 Mar
Clouds
High 62°
Low 46°
Thu 12 Mar
Clouds
High 62°
Low 40°
Fri 13 Mar
Clouds
High 42°
Low 32°
Sat 14 Mar
Clouds
High 49°
Low 42°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Sea Isle City?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

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Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621
Potential Tax Benefits (United States)
$0 Est. First Year Interest Deduction
$0 Est. Annual Tax Savings
*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
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  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
  • Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
  • Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Neighborhood Demographics

ZIP 08243 • 2022 ACS Data

2,047 Population
Median Age: 65.0
$90,703 Median Income
Above Average
$903,100 Median Home Value
Rent: $1,210
45.6% College Graduates
High

Housing

Homeowners 15.5%
Renters 1.2%
Vacancy Rate 83.3%

Employment

5.8% Unemployment
25.8% Work From Home

Education Attainment (Age 25+)

High School+ 97.8%
Bachelor's+ 45.6%
Graduate+ 18.7%
Data from U.S. Census Bureau American Community Survey 2022

Frequently Asked Questions

Common questions about this property

This house at 28 40th St, SEA ISLE CITY, NJ 08243, Sea Isle City, New Jersey, United States features 2 bedrooms with 918 square feet of living space.
This property offers 918 square feet of living space.
This property is listed at $480,000,000, which equals $522876 per square foot.
This is a house located in Sea Isle City, New Jersey. The property is situated in an established neighborhood with convenient access to local amenities and services.
Francis Mellace

Francis Mellace

CENTURY 21 Rauh & Johns

License #0674076

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