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The BEST Al listings near Cape May NJ

The BEST Al listings near Cape May NJ

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Business for Sale - Real Estate 

 
PROPERTY TRANSFER RECORDS <br> <br>(610) PROPERTY TRANSFER RECORDS (610) 842-4780 Bryan R. Cogliano, CFP 1031 Tax-Free Exchange revxwealth.com Property Transfers Recorded in County Clerk s Office between 6/23/25-6/29/25 Seller Avalon Anderson Realty - Florida L P De Petris James Trust McAssey Linda Trust Hatton Steven J Skf Associates LLC Buyer Property Price Panza Vito A D
 

Commercial 

Condo Insights <br> <br>#65 Condo Insights #65 Failure to Comply with the Structural Integrity Act On January 8th,2024 New Jersey Governor Phil Murphy signed into law S2760/A4384, commonly known as the Structural Integrity Act (the Act ). Why is the Structural Integrity Act important? According to the United States Census Bureau, in 2024 there are almost 3.5 million multi-family housing units in New Jersey. Over 85% are in buildings that are over 25 years old. Over 63% are in buildings more than 45 years old. As buildings get older, they are likely to require more attention to periodic maintenance and replacement of roofs, windows & doors, and to prevent moisture infiltration into and subsequent deterioration of the exterior walls, fa ades and balconies. The law comes in response to growing concerns about the aging infrastructure of condominiums and the need for standardized inspection procedures. The Act requires that buildings of a specific type are inspected by a licensed professional engineer and that inspection report is provided to the local municipality. The Act is intended to ensure that residential condominium buildings are regularly inspected and properly maintained. The Act also requires that almost all condominium associations have capital reserve studies prepared every five years, defines and requires adequate funding levels; defines the annual contribution an association must make to its reserve fund and expands the scope of reserve studies to include any major projects that could arise in the coming 30-year timeframe and that preventive maintenance schedules be included as part of the reserve studies. The Structural Integrity Act is a source of financial discipline moving forward to address past funding shortcomings but is causing a lot of confusion amongst Boards and unit owners. Prior to the Act, associations were not required to have a structural inspection. Prior to the Act, associations were not required to have a reserve study, and many of those that have a reserve study were not following the funding recommendations in their study. The Act requires associations to adequately fund their reserve account for future repairs and major maintenance projects following the recommended annual funding level in the CRS, as well as making sure the reserve account balance at the end of each fiscal year meets or exceeds the estimated account balance in the CRS. This will help avoid future assessments for capital expenditures. Periodic maintenance and replacement of capital assets require significant financial investment. The Act is intended to ensure that condominium associations no longer have underfunded reserves and that multi-family residential buildings are regularly inspected and properly maintained. Associations can expect to undertake structural inspections and capital reserve study updates at least once every five years. Failure to comply could have detrimental effects to the Association and Board members. If a New Jersey condominium association fails to comply with the Structural Integrity Act, it could face fines, legal consequences, and in cases of severe structural risks, authorities may order the evacuation of the building if the association fails to address the issues promptly. The law specifies enforcement mechanisms and penalties for noncompliance. Specifically, if an association doesn t comply with the Act s structural inspection requirements, they might be given a period of time to remedy the issue, such as ordering an inspection or initiating repairs. If the violation isn t resolved within that timeframe, financial penalties can be imposed until the required steps are taken. Additionally, penalties may apply for failing to comply with stop construction orders, for intentionally providing false information or omitting required details in applications Board members have a duty to maintain the building s structural integrity, and failure to do so could lead to lawsuits from unit owners. Unit owners in New Jersey can sue their association for failing to comply with the Structural Integrity Act for negligence if structural issues lead to damage or harm. The law mandates that associations ensure the structural integrity of buildings and common areas, and failure to comply can lead to legal action. A building s insurance coverage might be affected if the association fails to maintain structural integrity, as many association insurance policy applications now require an association officer confirm that the common elements are being properly maintained. Some insurance companies are requesting copies of current structural inspection reports and the association s current reserve study. These questions and requests for documentation are appearing on more and more renewal applications. Board members may also face personal liability if they fail to adhere to the law. Directors & officers insurance may not provide coverage if a board knowingly fails to comply with the Act. This could have serious implications and ramifications for board members if the board approves a budget in which the reserve contribution does not meet or exceed the recommended reserve contribution in the association s reserve study, and/ or does not maintain an adequate balance in the association reserve fund The Condominium Project Questionnaire is used by lenders to gather information about the association s condition, financial health, and other relevant details that assess the eligibility of a condominium project for mortgage financing. The Questionnaire has expanded to require information from the association about reserve studies, structural inspections and performance of regular periodic maintenance. Potential buyers may be hesitant to purchase units in a building with known structural problems or deferred maintenance, potentially lowering the value of the property, and may have a harder time finding financing for their purchase in such buildings. The cost of inspections, necessary repairs and deferred maintenance could also lead to increased assessments for unit owners. The Act is intended to ensure that condominium associations no longer have underfunded reserves and that multi-family residential buildings are regularly inspected and properly maintained. Associations have a responsibility to maintain the building s structural integrity and the law is designed to protect residents by ensuring buildings meet structural integrity standards. Failure to comply with the law can have significant financial and legal consequences for the association. It s crucial for association board members and owners to understand the requirements of the Structural Integrity Act and take proactive steps to ensure compliance. Jim Yost owns Elite Management and Advisory Services, LLC and is coowner / Managing Partner for Ocean Property Management Corporation, based in Wildwood. The firms provide management and advisory services to numerous community, condominium and homeowner associations in southern New Jersey. He can be reached at yostopmc@comcast.net. Karim Kaspar, Esq. is Senior Counsel with Lowenstein Sandler LLP. He serves as general counsel to numerous community and condominium associations throughout New Jersey. He specializes in complex commercial litigation and real estate matters and has been active and instrumental in the firm s pro-bono activities. He can be reached at kkaspar@lowenstein.com. The entire Condo Insights series of articles is available online at w w w. o c e a n p r o p e r t y m g m t . c o m .
 

Rooms For Rent 

WILDWOOD 1 BR apts., Effs & single rooms avail. Newly renovated rooms. Rates starting at $275 per week & up. We have 6 locations all close to transportation & the beach. Manager on duty 24 hours. If interested call Bill, 267-597-8566 or 908-601-7423. Summer Rentals Available open year round.
 

Wanted - Real Estate 

Quiet older couple looking for a year round house/ apartment to rent before October 2025. Call Debbie @ 609-741-5989
 
Wanted: Year round Apartment to rent Steady income Air Conditioning is a MUST. First floor if possible. Furnished or Unfurnished is fine. 609-374-2132
 

Winter Rental 

Winter Rental in North Wildwood from September 1st, 2025 to May 30th, 2026. Furnished, three bedrooms, two full baths, deck, laundry room, Comcast TV and Wi-Fi included. Monthly rent is $1,300 and tenant agrees to pay gas and electric bills. No pets allowed. Address of rental unit is 762A West Pine Ave., North Wildwood, N.J. 08260. If interested, please contact Deanna at 973-715-9866
 

Year Round Rental 

C <br> <br>The <br> <br>HANNEL C The HANNEL S Apartments Professionally Managed 1 BEDROOM $1,30000 2 BEDROOM 1,50000 $ Air Conditioning Now epting Swimming Pool SmAalcc l Pets Laundry Facilities Heat/Hot Water Included (609) 884-0026 3910 Bayshore Rd., N. Cape May Located near the Cape May Lewes Ferry www.channelsapartments.com
 
C <br> <br>The <br> <br>HANNEL C The HANNEL S Apartments Professionally Managed 1 BEDROOM $1,30000 2 BEDROOM 1,50000 $ Air Conditioning Now epting Swimming Pool SmAalcc l Pets Laundry Facilities Heat/Hot Water Included (609) 884-0026 3910 Bayshore Rd., N. Cape May Located near the Cape May Lewes Ferry www.channelsapartments.com
 
For Rent One bedroom house and 2nd floor three-bedroom apt. located in Cape May Court House. For information: darlene.morelliorg@yahoo.com
 
WAITING LIST CLOSING The Vineland Housing Authority will be CLOSING the waiting lists for the Cape May Housing Authority Public Housing Program, located at 639 Lafayette St, Cape May, NJ 08204; for 0, 1, 2, 3, and 4 bedroom units as of July 31, 2025. This is Federally Subsidized Housing designated for low-income individuals. 0 & 1 bedroom Public Housing units are designated specifically for low-income individuals who are elderly (62+) or persons with a disability or a handicap. Applications may be obtained at the Vineland Housing Authority, 191 W. Chestnut Avenue, Monday Friday 9:00 am 3:00 pm, at www.vha.org or at the Cape May Housing Authority. Applications will only be accepted by mail at the Vineland Housing Authority. Applications postmarked later than July 31, 2025 will NOT be accepted. THIS IS NOT FOR THE SECTION 8 VOUCHER PROGRAM.
 

FEATURED ADS

Real Estate
Quiet older couple looking for a year round house/ apartment to rent before October 2025. Call Debbie @ 609-741-5989
Real Estate
WILDWOOD 1 BR apts., Effs & single rooms avail. Newly renovated rooms. Rates starting at $275 per week & up. We have 6 locations all close to transportation & the beach. Manager on duty 24 hours. If interested call Bill, 267-597-8566 or 908-601-7423. Summer Rentals Available open year round.
Real Estate
For Rent One bedroom house and 2nd floor three-bedroom apt. located in Cape May Court House. For information: darlene.morelliorg@yahoo.com
Real Estate
WAITING LIST CLOSING The Vineland Housing Authority will be CLOSING the waiting lists for the Cape May Housing Authority Public Housing Program, located at 639 Lafayette St, Cape May, NJ 08204; for 0, 1, 2, 3, and 4 bedroom units as of July 31, 2025. This is Federally Subsidized Housing designated for low-income individuals. 0 & 1 bedroom Public Housing units are designated specifically for low-income individuals who are elderly (62+) or persons with a disability or a handicap. Applications may be obtained at the Vineland Housing Authority, 191 W. Chestnut Avenue, Monday Friday 9:00 am 3:00 pm, at www.vha.org or at the Cape May Housing Authority. Applications will only be accepted by mail at the Vineland Housing Authority. Applications postmarked later than July 31, 2025 will NOT be accepted. THIS IS NOT FOR THE SECTION 8 VOUCHER PROGRAM.
Real Estate
Real Estate
Winter Rental in North Wildwood from September 1st, 2025 to May 30th, 2026. Furnished, three bedrooms, two full baths, deck, laundry room, Comcast TV and Wi-Fi included. Monthly rent is $1,300 and tenant agrees to pay gas and electric bills. No pets allowed. Address of rental unit is 762A West Pine Ave., North Wildwood, N.J. 08260. If interested, please contact Deanna at 973-715-9866
Real Estate
Real Estate
Real Estate
Wanted: Year round Apartment to rent Steady income Air Conditioning is a MUST. First floor if possible. Furnished or Unfurnished is fine. 609-374-2132
Real Estate
Real Estate
Real Estate
Quiet older couple looking for a year round house/ apartment to rent before October 2025. Call Debbie @ 609-741-5989
Real Estate
WILDWOOD 1 BR apts., Effs & single rooms avail. Newly renovated rooms. Rates starting at $275 per week & up. We have 6 locations all close to transportation & the beach. Manager on duty 24 hours. If interested call Bill, 267-597-8566 or 908-601-7423. Summer Rentals Available open year round.
Real Estate
For Rent One bedroom house and 2nd floor three-bedroom apt. located in Cape May Court House. For information: darlene.morelliorg@yahoo.com
Real Estate
WAITING LIST CLOSING The Vineland Housing Authority will be CLOSING the waiting lists for the Cape May Housing Authority Public Housing Program, located at 639 Lafayette St, Cape May, NJ 08204; for 0, 1, 2, 3, and 4 bedroom units as of July 31, 2025. This is Federally Subsidized Housing designated for low-income individuals. 0 & 1 bedroom Public Housing units are designated specifically for low-income individuals who are elderly (62+) or persons with a disability or a handicap. Applications may be obtained at the Vineland Housing Authority, 191 W. Chestnut Avenue, Monday Friday 9:00 am 3:00 pm, at www.vha.org or at the Cape May Housing Authority. Applications will only be accepted by mail at the Vineland Housing Authority. Applications postmarked later than July 31, 2025 will NOT be accepted. THIS IS NOT FOR THE SECTION 8 VOUCHER PROGRAM.
Real Estate
Real Estate
Winter Rental in North Wildwood from September 1st, 2025 to May 30th, 2026. Furnished, three bedrooms, two full baths, deck, laundry room, Comcast TV and Wi-Fi included. Monthly rent is $1,300 and tenant agrees to pay gas and electric bills. No pets allowed. Address of rental unit is 762A West Pine Ave., North Wildwood, N.J. 08260. If interested, please contact Deanna at 973-715-9866
Real Estate
Real Estate
Real Estate
Wanted: Year round Apartment to rent Steady income Air Conditioning is a MUST. First floor if possible. Furnished or Unfurnished is fine. 609-374-2132
Real Estate
Real Estate


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