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613-615 S New York Rd, Absecon, NJ, 08205

4beds
3baths
0sqft
$199,000
--price/sqft
$1,592/moest. monthly cost
$63,680/yrincome needed

About This Home

Wow! Redevelopment opportunity in a designated Redevelopment Zone! 613 & 615 S New York Ave are being sold together but will not be sold individually even though each parcel holds a separate deed. Originally used as a boarding house, these lots offer strong potential for adaptive reuse or ground-up development. Concept plans are available for potential townhome development, with additional options under Galloway Township's Redevelopment Plan. Although currently deed-restricted for moderate to affordable housing, opportunity still exists for strategic redevelopment aligned with township goals.

Getting Around

27
WalkingCar-Dependent
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

5/10
2/10
4/10
Absegami High SchoolGrades 9-123.5 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Asphalt Shingle
  • Construction materials: See Remarks

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: See Remarks

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • See Remarks

Heating

  • Heating features: See Remarks,Natural Gas

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1011010070003000380000

Lot

  • Lot size: 0.43 Acres
  • Lot size dimensions: 0.43 AC

Parking

  • Total spaces: 2
  • Parking features: 2 Car Width
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Strong Wind
Winter Weather
Hurricane
Inland Flooding
Lightning
Wildfire
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,006$12,072
Home Insurance *$85$1,020
Property Taxes $308$3,696
Electricity $193$2,318
Total$1,592$19,104
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$54,582/yr
40% on housing$47,760/yr
45% on housing$42,453/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.6%
-2.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 08205$177
Atlantic County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 08205$223
Atlantic County$228

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-12-11Listed for sale$199,000
2025-12-10Listing removed$199,000
2025-07-11Listed for sale$199,000

For Sale by Agent

AgentStewart Daniels
BrokerageRe/Max Pinnacle

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