Rosewood Realty Group Brokers Secure $1.7M Sale Of Multifamily Property In Atlantic City
108-110 Lincoln Pl, Atlantic City, NJ 08401
$1,725,000
$95/SF
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
Nov 25, 2022
AI
The multifamily property located at 108-110 Lincoln Place in Atlantic City, NJ has been sold for $1,725,000. The property consists of 24 units with an average price per unit of $71,875. The total square footage of the property is 18,000, resulting in a price per square foot of $96.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- Units: 24
- Price per Unit: $71,875
- Square Footage: 18,000
- Price per Square Foot: $96
- Address: 108-110 Lincoln Place, Atlantic City, NJ
- Market: Atlantic City, NJ
The sale of 108-110 Lincoln Place was facilitated by Greg Corbin and Felix Ades of Rosewood Realty Group. They represented the buyer and seller in this transaction.
Players
Atlantic City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93