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Property profile & analytics
OFF-MARKET
Estimated value
$7,365,000
Residential income homes
3330 Hartford Ct Atlantic City, NJ 08401-3600
Entity Owned
7-yr Hold
Property ID
US59-1933875
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1960
Construction
BRICK
Total area
51,042 SF
Lot
1.3 ac (56,440 SF)
Zoning code
R-3
APN
02 00350-0000-00001
UPID
US59-1933875
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.95M
Comparable Approach
Comparable
$7.96M
Blend (final)
Blend
$7.37M
Owner & transaction history
Chelsea Village Partners LLC · 7 yrs held
Chelsea Village Partners LLC
since 2019
4 recorded transactions
Zoning & alternative use
R-3 · Atlantic City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atlantic City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,690,000
6.5%
$8,945,000
7%
$8,305,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,735,000
Current use
COMMERCIAL (GENERAL)
$5,645,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$7.37M
Range $6.63M – $8.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$144 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$156,368
Tax year 2022
Assessed value
$4,140,000
Assessed 2023
Previous assessed
$4,140,000
+0.0% YoY
Effective rate
3.78%
On assessed value
Assessed land
$690,000
Assessed improvement
$3,450,000
Land market value
$690,000
Improvement market value
$3,450,000
Total market value
$4,140,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1960
Construction
BRICK
Heating
NONE
Stories
3
Units
69
Total area
51,042 SF
Lot
1.3 ac (56,440 SF)
Zoning code
R-3
APN
02 00350-0000-00001
UPID
US59-1933875
Jurisdiction
ATLANTIC
Zoning & alternative use
R-3 · Atlantic City, NJ
Zoning R-3 · permitted uses
R-3 · Atlantic City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
BRICK
Heating
NONE
Stories
3
Units
69
Lot
1.3 ac
Current owner
From public records · entity-resolved
Chelsea Village Partners LLC
Entity
Mailing address
164 CAROL ST, LAKEWOOD, NJ 08701-5301
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2019
$19,800,000
Chelsea Village Partners LLC
Atlantic Ventures LP
Grant Deed
$15,295,000 · Jones Lang Lasalle Multifamily
—
—
Atlantic Ventures LP
—
Loan Modification
related
$14,950,613 · New York Community Bank
—
—
Dl Reistertown LLC
—
Loan Modification
related
$30,074,613 · New York Community Bank
—
—
Atlantic Ventures LP
—
Deed Of Trust
related
$15,124,000 · New York Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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