Bought with NON MEMBER • Non Subscribing Office
$2,475,000
$4,550,000
45.6%For more information regarding the value of a property, please contact us for a free consultation.
3,124 Sqft Lot
SOLD DATE : 04/16/2026
Key Details
Sold Price $2,475,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJAC2019406
Sold Date 04/16/26
Year Built 2025
Annual Tax Amount $25,890
Tax Year 2024
Lot Size 3,124 Sqft
Acres 0.07
Lot Dimensions 41.66 x 75.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Rare 85-Unit Multifamily Portfolio in the Heart of Atlantic Cit!y!
Hunters Commercial is pleased to present 133-37 St James Place — a turnkey, fully occupied 85-unit multifamily investment with significant value-add potential. Situated just blocks from the Atlantic City boardwalk and casino corridor, this offering includes two stabilized buildings plus an additional vacant lot — all on one parcel with dual deeds.
Current rents are well below market, presenting an opportunity to increase income by 20%+ through repositioning. With a cap rate of 10.69% and cash-on-cash returns over 10%, this asset is ideal for investors seeking stable cash flow with upside in a high-demand market undergoing active redevelopment.
Positioned in one of Atlantic City's most promising areas, this asset benefits from strong tenant demand, walkability to amenities, and proximity to major redevelopment projects. Whether you're looking to grow a portfolio or enter a strong secondary market, this property checks all the boxes. Schedule your showing today!
Location
State NJ
County Atlantic
Area Atlantic City (20102)
Zoning RS-C
Interior
Hot Water Natural Gas
Heating Radiant
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Atlantic City Schools
Others
Tax ID 02-00053-00007
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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