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    225 Atlantic Ave Atlantic City, NJ 08401-7844
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    Property profile & analytics

    225 Atlantic Ave, Atlantic City, NJ 08401-7844

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    • Residential income homes
    • 14,072 SF
    • 0.13 lot acres
    Off-Market
    Last Sale Apr 6, 2022
    $1,900,000
    Property ID
    US59-2722159
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,085,000
    Show details
    Cap Rate Potential
    6%
    Residential income homes
    Location Intelligence

    Current Use by Public Records

    • Western One Apartments / Apartment Building

    Property Details for 225 Atlantic Ave

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.13 lot acres
    Zone code
    NEIR
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    02 00125-0000-00022
    APU
    200125000000022

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 6, 2022 $1,900,000 Argo Atlantic LLC Colliers International Nj LLC Quit Claim Arm's Length For Ne States $3.5M · Broadview Capital LLC
    Sep 18, 2018 Atlantic Norse LLC Grant Deed · related $3.9M · Red Mtg Cap
    Jun 16, 2008 $2,853,325 Atlantic Norse LLC South Atlantic Assoc LLC Grant Deed · related $2.5M · New York Community Bank
    Mar 1, 2004 $2,200,000 South Atlantic Assoc LLC 212 Corp Of Nj Grant Deed
    Atlantic Norse LLC Deed Of Trust · related $3.2M · New York Community Bank
    Atlantic Norse LLC Deed Of Trust · related $2.9M · New York Community Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,655,000
      ML approach
      $2,615,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,670,000
      6.5%
      $2,465,000
      7%
      $2,290,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,846,000
      Market price range: $1.14M - $2.61M
    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,855,000
      Current use
      COMMERCIAL (GENERAL)
      $1,555,000
      Change: -16% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Atlantic City
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.4143
    Latitude
    39.368
    CBSA code
    12100
    CBSA name
    ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $36,259
    $240,000
    $720,000
    $960,000
    -
    $240,000
    $720,000
    $960,000
    More about this property
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