The car was driven by Braden DeMartin, 22, police said. DeMartin and his passenger, Daniel Foley, 23 – both from Toms River – were declared dead at the scene, police said.
It is believed that both occupants were the only occupants of the vehicle.
The building, which the real estate agency shares with a software company and a family therapist, was deemed "dangerous," police said.
Isaac Kesserman, owner of the building, said that no one was inside at the time of the accident.
The accident occurred on Hooper Avenue, between Indian Hill Road and College Drive, around 6:30 am. The area was closed for about seven hours.
Toms River Traffic Safety Officers are currently investigating this incident.