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Property profile & analytics
OFF-MARKET
Residential income homes
99 Boardwalk Atlantic City, NJ 08401
Entity Owned
14-yr Hold
Property ID
US59-0092036
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1970
Construction
BRICK
Lot
0.26 ac (11,500 SF)
Zoning code
RMC4
APN
02 00081-0000-00001
UPID
US59-0092036
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ocean At 101 Boardwalk LLC · 14 yrs held
Ocean At 101 Boardwalk LLC
since 2012
7 recorded transactions
Zoning & alternative use
RMC4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$46,400
Tax year 2022
Assessed value
$1,228,500
Assessed 2023
Previous assessed
$1,228,500
+0.0% YoY
Effective rate
3.78%
On assessed value
Assessed land
$700,000
Assessed improvement
$528,500
Land market value
$700,000
Improvement market value
$528,500
Total market value
$1,228,500
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
1970
Construction
BRICK
Heating
NONE
Units
1
Lot
0.26 ac (11,500 SF)
Zoning code
RMC4
APN
02 00081-0000-00001
UPID
US59-0092036
Jurisdiction
ATLANTIC
Zoning & alternative use
RMC4 · Atlantic City, NJ
Zoning RMC4 · permitted uses
RMC4 · 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.
Building & site characteristics
From public records
Year built
1970
Construction
BRICK
Heating
NONE
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Ocean At 101 Boardwalk LLC
Entity
Mailing address
2095 W COUNTY LINE RD STE #3, JACKSON, NJ 08527-2032
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2012
$16,000,000
Ocean At 101 Boardwalk LLC
Boardwalk 101 Real Estate LLC
Grant Deed
related
$12,640,000 · New York Community Bank
Sep 27, 2011
$13,770,000
Boardwalk 101 Real Estate LLC
15-35 Hempstead Trust
Quit Claim Deed
related
—
Feb 23, 2007
$23,369,000
15-35 Hempstead Properties LLC
Ocean Manor Associates
Grant Deed
$16,760,000 · New York Community Bank
—
—
15-35 Hempstead Properties LLC
—
Deed Of Trust
related
$500,000 · Singer Financial Corp
—
—
Ocean At 101 Boardwalk LLC
—
Deed Of Trust
related
$979,374 · New York Cmnty Bk
—
—
Ocean At 101 Boardwalk LLC
—
Loan Modification
related
$11,759,343 · New York Cmnty Bk
—
—
15-35 Hempstead Properties LLC
—
Deed Of Trust
related
$225,000 · Blue Sun LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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