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108-110 Lincoln Pl, Atlanti...

Rosewood Realty Group Brokers Secure $1.7M Sale Of Multifamily Property In Atlantic City
SOLDMultiFamily

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

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.

Players

Greg Corbin

Northgate Real Estate Group

Broker

$1.2B

vol

84 deals

Broker

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