Off-Market Offering40 Unit Multifamily East Atlantic Beach
$17,950,000
40 units
Asking Price
$17,950,000
Units
40
Investment Highlights
East Atlantic Beach 30ksqFt fully gut renovated turn key fully vacant 40 unit 2br apartments adjacent to the water. New sprinkler system new fascade new floors windows fully vacant (owner just started & 8 leases already signed) and 100% free market. Financing in place / lender can close in 2 weeks - for $12m at 8% interest. normal sale price reduced owner asking $17.95m (recently appraised at $24m) (9% project pro forma on full occupancy)
Crezly Admin
Listing contact · Verified on Crezly
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https://www.crezly.com/property/east-atlantic-beach-investment-property-2/
https://www.crezly.com/property/east-atlantic-beach-investment-property-2/
Prepared via Crezly Marketplace (crezly.com) from owner/broker-supplied information and NYC public records. Information deemed reliable but not guaranteed; buyers must independently verify. Not an offer, solicitation, or investment advice.