Views
Address
1616 Pacific Ave, Atlantic City, NJ
Price
$ 10,900,000
Property Attributes
  • MLS#579764
  • TypeMulti-Family
  • CountyATLANTIC
  • CityAtlantic City
  • AreaAtlantic City
  • Zip08401
  • Style4 - 10 Units
  • Price$ 10,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
South Jersey Shore Regional MLS (SJSRMLS)
Property Description

Welcome to "Casa De Cielo", this is an incredible opportunity where you can OWN YOUR OWN HIGH-RISE, located BEACH BLOCK in the heart of Atlantic City! Unlike anything else, the Schultz-Hill Foundation Professional Arts Building offers a timeless style of architecture mixed with modern conveniences and houses a residential living area along with income producing rental office spaces. Walk into the elegant lobby to find office suites that make up the first 6 floors that can be rented out and bring in income. There are also 36 high tech security cameras that span the perimeter and inside of the building along with swipe cards to access the property. The ground floor has a 3 car garage. The 7th and 8th floors have been converted into residential living spaces including a grand staircase with an enormous window with city views, a glass dome, living room and a formal dining room complete with a 4200 strand crystal chandelier and seating for 30 people. You will also find a massive catering kitchen and wine room and private theatre along with an indoor swimming pool, sauna, massage room and gym! The penthouse includes the master bedroom and bathroom, a private living room, kitchen and breakfast nook. There are 3 high speed elevators, one for commercial use and the others are for private residential use. You will also find 4 additional suites complete with a bedroom, small private kitchen and bathroom, perfect for guests! The 9th floor rooftop was converted into a place fit for entertaining complete with an outdoor patio with seating area, a full indoor kitchen, bathroom, grill, 2 fire places, a hot tub and garden area! There is also a sundeck on top of the 9th floor living area with 360 degree views overlooking the city, ocean and beach! Words can't describe this property, you have to see it for yourself! Schedule a showing today!

Price History
11/16/2023 Listed $10,900,000

General Features

Water Public
Sewer Public Sewer
Heating Forced Air
Appliances Dishwasher,Gas Stove,Intercom,Microwave,Refrigerator,Self Cleaning Oven
Status Active
Other Rooms Den/TV Room,Dining Room,Kitchen,Library/Study,Living Room
Class MULTI-FAMILY
Lot # 5
Type 4 - 10 Units
Tax Year 2022
Status Active
Garage Three or More Cars
Waterfront No
Area Atlantic City
Location Beach Block,Boardwalk Area,Corner
Taxes 81341

Interior Features

# of Units 5
Air Conditioning Central

Exterior Features

Exterior Brick
Driveway Concrete
Lot Dimensions 38.5x150
OUTSIDE FEATURES Curbs,Sidewalks

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 08401

Price
AVG $660K
$10.9M
Visits
AVG 139
257
Data Provided by Inside Real Estate®
Walkscore
AVG 82
80
Data Provided by Walkscore® not using MLS data