925 Atlantic Ave, Atlantic City, NJ 08401
- Added:
- Mar 22, 2024
- Days on Market:
- 815
- Last Refresh:
- Jun 14 at 8:06 pm
Property Features for 925 Atlantic Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CBD
- Bedrooms
- 28
- Rooms
- Bedroom 10, Bedroom 11, Bedroom 28, Bedroom 23, Bedroom 15, Bedroom 25, Bedroom 24, Bedroom 1, Bedroom 14, Bedroom 4, Bedroom 27, Bedroom 21, Bedroom 20, Bedroom 26, Bedroom 19, Bedroom 9, Bedroom 12, Bedroom 6, Bedroom 17, Bedroom 13, Bedroom 2, Bedroom 7, Bedroom 5, Bedroom 3, Bedroom 18, Bedroom 16, Bedroom 22, Bedroom 8
- Exterior features
- Curbs, Sidewalks
- Standard status
- Active
- Size
- 6,000 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2541
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Number of units
- 14
Listing agent GERARD (Jerry) BARKER License #0566410 (609) 481-7745
Listing office WEICHERT REALTORS ASBURY GROUP-AC 524 PACIFIC AVENUE, ATLANTIC CITY, NJ (609) 344-6200
Listing date Mar 22, 2024
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two commercial spaces, each over 3,000 SF (over 6,000 SF combined)
- Top two floors framed for 8 three‑bedroom units and 4 one‑bedroom units (framed for 12 residential units)
- Fully gutted to brickwork with all asbestos removed; building reported structurally sound
- All new windows throughout; new flooring joists and all floors reported level
- Approved Green Zone; in the CBD zone in the heart of the city
- Public water and public sewer; exterior includes curbs and sidewalks
Overview
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.0k | $27.00 |
| − Vacancy | −$19.4k | −$3.24 |
| EGI | $142.6k | $23.76 |
| − OpEx | −$53.5k | −$8.91 |
| NOI | $89.1k | $14.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Atlantic City
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.4227432
- Latitude
- 39.3644624
