Updated Jan 30, 2024
Sheldon Grace Acquires Multifamily Property In Atlantic City For $1.25M
22 North Raleigh Avenue, Atlantic City, New Jersey 08401, United States
$1,250,000
$125/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Jan 27, 2022
About this deal
AI
The multifamily property located at 22 N Raleigh Ave in Atlantic City, NJ has been sold for a price of $1,250,000. The sale took place on January 28, 2022, and was facilitated by broker Sheldon Grace from Grace Properties.
Summary of Transaction Details:
- Property Type: Multifamily
- Sale Price: $1,250,000
- Date: 01/28/2022
- Address: 22 N Raleigh Ave
- Market: Atlantic City, NJ
This transaction was completed under the representation of Sheldon Grace from Grace Properties. Sheldon Grace acted as the broker in the sale, ensuring the successful transfer of ownership for the multifamily property.
Players
Atlantic City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Sheldon Grace to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93