225 Atlantic Ave, Atlantic City, NJ 08401-7844
- Residential income homes
- 14,072 SF
- 0.13 lot acres
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
-
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