A multifamily property located at 233 N. New York Ave in Atlantic City, NJ, was recently sold for a total price of $35,900,000. The transaction took place on 08/27/2021. The property consists of 151 units, resulting in a price per unit (PPU) of $237,748. The sale was facilitated by Standard Communities, represented by Steven Kahn.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $35,900,000
• Units: 151
• PPU: $237,748
• Buyer: Standard Communities
• Seller: Not mentioned
• Representative: Steven Kahn

The sale of this multifamily property in Atlantic City, NJ, showcases the strong demand for investment in the area. Standard Communities, represented by Steven Kahn, acted as the buyer in this transaction. The significant investment highlights confidence in the market and reflects the potential for attractive returns in the multifamily sector.