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Parking Garage/Retail Steps from Boardwalk 17 S New York Ave 14,472 SF Specialty Building Online Auction Sale Atlantic City, NJ 08401
Matterport 3D Tours
Investment Highlights
- Highly visible 229,474-SF, five-story parking garage with six levels of covered and surface parking in Atlantic City’s Central Business District.
- Rare acquisition with in-place income, situated in an Opportunity Zone and a Walker’s Paradise primed for tourism and local travel to park and play.
- Six Vacant Retail/ Office Spaces and One Occupied Tenant
- Strategically sited just off a signalized intersection of Atlantic Avenue, within 1 mile of the Atlantic City train station and the Convention Center.
- Conveniently located close to major attractions, including the Whelan Boardwalk Hall, Hard Rock Hotel and Casino, Playground Pier, and more.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Floor Plans
- Third Party Reports
- Title and Insurance
- Purchase Agreement
- Register to Bid Instructions
Property Facts
| Sale Type | Investment | Building Size | 14,472 SF |
| Sale Condition | Auction Sale | No. Stories | 5 |
| Type of Ownership | Fee Simple | Year Built | 1980 |
| Property Type | Specialty | Parking Ratio | 3.6/1,000 SF |
| Property Subtype | Parking Garage | Opportunity Zone |
Yes
|
| Building Class | C | Parcel Number | 02-00147-0000-00001 |
| Lot Size | 1.09 AC | ||
| Zoning | CBD - Central Business District, Economic Opportunity Zone | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 14,472 SF |
| No. Stories | 5 |
| Year Built | 1980 |
| Parking Ratio | 3.6/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CBD - Central Business District, Economic Opportunity Zone |
| Parcel Number | 02-00147-0000-00001 |
Exceptionally walkable
100/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Sale Advisors
Sale Advisors
Roman Tsimberg,
Director Commercial Real Estate Sales
Roman has over 30 years of experience dealing with Commercial Real Estate and Hundreds of Completed transactions on various platforms including Ten-X. As a trained real estate professional, Roman's expertise includes marketing, presentation, negotiation, and sales. He has represented national private and corporate clients, as well as, banks and special assets groups in REO transactions. Roman currently helps clients to achieve above-market returns in Maryland, Florida, and the District of Columbia markets.
Matthew Bonomini,
Real Estate Salesperson
Residential and Commercial Real Estate agent in South New Jersey. With a commercial division and 2 residential offices we specialize in any Sale, Purchase or Lease for any commercial or residential transaction as well as property management. We have expertise in development, office conversion, retail and industrial. Recent projects include Restaurants, Office/Professional sales and leases, Auto Garages and development of mixed use properties. We cover all of New Jersey and our Coldwell Banker Commercial Network allows us to accommodate clients needs with a world wide reach. We can put you in touch with a experienced and trusted agent anywhere in the United States. Reach out today on my direct line at 631-398-3519 or our office in Ventnor at 609-822-3700 or Northfield at 609-646-5001.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auctioneer License: Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
Auction FAQ's
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Parking Garage/Retail Steps from Boardwalk | 17 S New York Ave
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