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300 Atlantic Avenue
SOLD

300 Atlantic LLC Acquires Multifamily Property In Atlantic City For $17M

300 Atlantic Avenue

MultiFamily
189,935 SF
clock iconSold 1 year ago
Michael Hinchman
Lawrence Gariano
Jeremy Berinson
+ 2
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Summary

Sale
NEW JERSEY
MultiFamily
189,935 sqft

The multifamily property located at 300 Atlantic Ave in Atlantic City has been sold in a recent transaction. The property, spanning across 189,935 square feet, consists of 266 units. The sale was facilitated by Lawrence Gariano, Michael A. Hinchman, Jeremy Berinson, and Brian C. Hosey, who represented both the buyer, 300 Atlantic LLC, and the seller, Metatlantic Realty Associates LP. The property was acquired for a total sale price of $17,000,000, resulting in an average price per unit of $63,910 and a price per square foot of $90.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,000,000
  • Address: 300 Atlantic Ave
  • Market: Atlantic City
  • Buyer: 300 Atlantic LLC
  • Seller: Metatlantic Realty Associates LP
  • Brokers: Lawrence Gariano, Michael A. Hinchman, Jeremy Berinson, and Brian C. Hosey - Marcus & Millichap
  • Total Units: 266
  • Average Price per Unit: $63,910
  • Total Square Footage: 189,935
  • Price per Square Foot: $90

The involvement of Lawrence Gariano, Michael A. Hinchman, Jeremy Berinson, and Brian C. Hosey from Marcus & Millichap as brokers demonstrates their role in representing both the buyer and the seller throughout the deal. This transaction highlights their expertise in facilitating real estate transactions in the Atlantic City market.

Players

  • All

    5

  • Agents

    4

  • Agencies

    1

Michael Hinchman's profile picture
Michael Hinchman
Marcus & Millichap-image
Associate
$19.1M Sold
Jeremy Berinson's profile picture

Details

Deal Summary
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SOLD
IMAGE: Lawrence Gariano, Michael A. Hinchman, Jeremy Berinson & Brian C. Hosey DATE: 05/17/2022 ADDRESS: 300 Atlantic Ave MARKET: Atlantic City ASSET TYPE: Multifamily BUYER: 300 Atlantic LLC SELLER: Metatlantic Realty Associates LP BROKERS: Lawrence Gariano, Michael A. Hinchman, Jeremy Berinson & Brian C. Hosey - Marcus & Millichap (@MarcusMillichap_NewJersey) SALE PRICE: $17,000,000 UNITS: 266 ~ PPU: $63,910 SF: 189,935 ~ PPSF: $90

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Address300 Atlantic Avenue

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