15 S Gordons Aly - Apartments FOR SALE


Atlantic City, NJ 08401- Downtown Atlantic City
$400,000 USD
15 S Gordons Aly, Atlantic City, NJ for Sale
$400,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

15 S Gordons Aly
Atlantic City, NJ 08401
Downtown Atlantic City


OVERVIEW

This 5,500 sq ft building is currently used as office space and recently sustained water damage from a kitchen leak, which has been fully mitigated by Serve Pro. Historic records and Property Cards show the structure was originally built as a 9 unit apartment building, and although current zoning permits only 3 units, the property is eligible for a Certificate of Non Conformity to restore its prior density. Any residential redevelopment must comply with FEMA regulations, which prohibit units below the Base Flood Elevation. Buyers will be responsible for securing all required approvals, including architectural plans and professional documentation needed for the application process. The owner, is a Licensed Real Estate Broker.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$63 USD /SF

# OF UNITS

-

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

CBD

APN/PARCEL ID

02-00136-0000-00034

ASK ABOUT THIS PROPERTY

Joshua Levin, CCIMLevin Commercial Real Estate, LLCMore Info

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Joshua Levin, CCIMLevin Commercial Real Estate, LLCMore Info

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