Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,725,000
$95/SF
MultiFamily
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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