Ocean Club (Atlantic City) Explained

Ocean Club
Location:3101 Boardwalk, Atlantic City, New Jersey, United States
Coordinates:39.3513°N -74.448°W
Status:Complete
Completion Date:1984
Opening:1984
Building Type:Condo
Roof:360feet
Floor Count:34
Cost:$122 million
Management:Drexel Burnham Lambert Realty (formerly)

Ocean Club Condominiums are twin building condominiums built in 1984 in Atlantic City, New Jersey. The twin buildings are the 10th and 11th tallest buildings in Atlantic City at a height of 360feet.

Condominium

The buildings were completed in 1984 and cost $122 million which was received in loans from Bank of America. Drexel Burnham Lambert Realty was the management company of the condo. The average age of those purchasing condos was 45 to 70. George Rebh, Ocean Club sales director, said they were "getting a lot of new-money people - self-made businessmen and doctors and other professionals". The average cost of a condo when the buildings was constructed ranged from $170,000 to $1.7 million.[1]

Entertainers such as Frank Sinatra and Rod McKuen were among the buyers of Ocean Club condos.[1] Residents of the Ocean Club have to pay $7,000 a year in property taxes and a condo fee of $850 per month.[2]

The condo offers "a swimming pool, jacuzzi, gym, parking, and 24-hour front door concierge service".[3] The condominium offers entertainment such as comedy acts. Comedian, Michelle Tomko, from the Broadway Comedy Club, has performed at the Ocean Club.[4]

The esse

In 2019, the Celebrity Corner Restaurant located at the Ocean Club sought to expand its outdoor seating.[5]

Notable residents

See also

Notes and References

  1. Web site: ATLANTIC CITY CONDOMINIUMS BOUGHT FOR FUN AND PROFIT. Janson, Donald. nytimes.com. 1986-08-28. 21 December 2019.
  2. Web site: Home ownership key to Atlantic City success. Brunetti . Michelle. Press of Atlantic City. 4 May 2019. 21 December 2019.
  3. Web site: Ocean Club Condominium. Dombrosky, Pete. Thrillist. 21 December 2019.
  4. Web site: Happy Place Series: Atlantic City comedian writes her jokes in Ocean Condominiums. Joyce . Shannon. Press of Atlantic City. 5 May 2019. 21 December 2019.
  5. Web site: These businesses are looking to expand in South Jersey in April 2019. Keough . Buzz. Press of Atlantic City. 26 April 2019. 21 December 2019.