Joni Sweetwood Facilitates $20.5M Multifamily Portfolio Sale In Atlantic City

The sale involved a multifamily property portfolio in Atlantic City, including several buildings with a total of 258 units. The properties are located at 1922 Beach Avenue, 1917 North Columbia Avenue, 1925 North Arkansas Avenue, 2304 Sheldon Avenue, 2304 Hamilton Avenue, 905 West Riverside Drive, 1801 North Mississippi Avenue, and 1800 North Missouri Avenue. The transaction took place for a total price of $20,500,000, resulting in a price per unit of $79,457.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,500,000
• Units: 258
• Addresses: 1922 Beach Avenue, 1917 North Columbia Avenue, 1925 North Arkansas Avenue, 2304 Sheldon Avenue, 2304 Hamilton Avenue, 905 West Riverside Drive, 1801 North Mississippi Avenue, 1800 North Missouri Avenue
• Market: Atlantic City

The deal was facilitated by Joni Sweetwood from Kislak. The portfolio comprised three main properties: Atlantic Venice Park Apartments with 112 units, Venice Park Condominiums with 78 units, and Hamilton Venice Apartments with 68 units. Joni Sweetwood provided insights into the individual properties included in the portfolio.