V2 Properties Newsletter Volume 13, Issue 5

May 2023
Exponential Insights

Properties At A Glance

  • 3
    Currently Under Contract
  • 21
    Awaiting Building Permits
  • 10
    Sold In Last 30 days
  • 0
    Scheduled To Sell In Next 30 days

Summer 2023!

Time flies when you’re having fun. Summer 2023 is almost here, which means peak season in New Jersey is right around the corner! These next few months will bring new challenges and opportunities for us with most of our business down at the Jersey shore. Memorial Day marks the end of all demolition work in Ocean City and Margate for the season so we have been rapidly working to get as many projects started to keep things moving for the summer.

With traffic picking up down the shore and buyers eager to purchase before school starts up again, this is a perfect time to showcase everything we’ve accomplished through the off season. We have 32 projects either under construction or on the market in Jersey right now, with 8 that are projected to hit the market by the beginning of summer. Our homes are perfect for families looking to relocate, or purchasing a vacation home, but they are also great for buyers looking to invest in real estate. In a recent article from OCNJ Daily, Ocean City’s property taxes were ranked one of the lowest n the state. Making it not only a desirable location, close to the beach, but also affordable for families and investors. You can check out the full article in our links below!

Houses Hitting the Market

We have been busy these last couple of months in both Philadelphia and New Jersey. Since the beginning of April, SIX rental buildings have moved in the final phase of construction and are getting ready for renters! We have started listing a few of them and are working towards permanent financing. Currently, we have two new single family homes to hit the market, 9619 Pacific Ave, located in Margate, and 217 Bay Road!

217 Bay Road has come a long way. We built a brand-new home that looks like it belongs beside these beautiful beach homes in Bayfront. This is one of our largest projects in Ocean City and is valued close to $4 million! It was even featured in one of the articles as an example of all the new construction continuing in Ocean City.

Thanks for reading exponential insights

We would like to wish everyone a safe and happy Memorial Day this year, and Happy Mother's Day to all the moms!

Don’t forget to check out our featured property this month. 217 Bay Road, it is a showstopper, with picturesque views of the bay, and a stunning exterior!

Thank you for taking the time to read Exponential Insights! We’ll see you next month!

Vince Viney, Founder & President

Press links

  • Ocean City’s Property Taxes Among Lowest in State

    Ocean City ranks 15th for having the lowest equalized property taxes in New Jersey.

  • 14 KEY TAKEAWAYS FROM BUILDER 100

    Zonda’s Tim Sullivan looks back on the three-day event, which brought together more than 400 building professionals to assess the state of the industry.

  • Memorial Beach Challenge

    Memorial Beach Challenge is proud to organize and host an annual event that brings together athletes and families for a day of competition and comradery—but also to honor those who have served and support the heroes still in the fight.

Featured project: 217 Bay Road

Neighborhood

Ocean City

Listing Price

$3,850,000

Features

  • Kitchen undercabinet lighting
  • Detached Garage
  • Kitchen island
  • Single Family
  • High energy efficient HVAC system
  • Gas hot water heater
  • Gas fired heating system
  • Sq Foot
  • Elevator
  • Ceiling fans in all bedrooms
  • Beds
  • Double vanity in master bath room
  • Frameless shower door in master bath
  • Bath tub
  • Baths
  • Quartz Counter Tops in Kitchen
  • In-Ground Pool

Description

With picturesque views of the bay and meticulous attention to detail, 217 Bay Road is a showstopper! Fall in love with its stunning façade and jaw-dropping views will take your breath away. Walk in to the first level which hosts three spacious bedrooms, each with their own bathroom, two powder rooms, and a family room perfect for hanging out and watching movies with the fam! Take the elevator up to the second floor, where you’ll find a gorgeous kitchen with ample cabinet space and beautiful countertops. Flowing out of the kitchen is a grand living room with a gas fireplace, and an elegant dining space for entertaining family and friends! This floor also includes another bedroom with a full bath and access to the back deck. A private master suite is located on the top floor of the home, with a fireplace, private deck, and a stunning master bath that includes a bathtub, shower, and double sink vanity. With all the extra space and exciting features entertaining will be a breeze and parking will be no problem with two extra spaces in the detached garage out back! 217 Bay Road was designed to be your perfect oasis down shore!

Where Are Our Projects

0
In the Pipeline
1
Phase 1 - Foundation & Framing
2
Phase 2 - Mechanicals & Insulation
3
Phase 3 - Final Finishes
4
On the Market
4
Under Contract

Phase 1

Phase 2

Phase 3

Under Contract

On The Market

In The Pipeline
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