Atlantic City’s Steel Pier bought for $4.25m now asks $85 million
Atlantic City's historic Steel Pier, an iconic amusement park, has been listed for sale with an asking price of $85 million. The property, which has survived over a century of economic and environmental challenges, is currently owned by the Catanoso family.
Why it matters
The sale represents a significant shift in the ownership and potential future development of a major landmark in Atlantic City's tourism and cultural history.
Atlantic City’s iconic Steel Pier is up for sale, offering a rare chance to buy an operating amusement park built over the Atlantic Ocean, along with the rights to extend the property much farther into the sea. The asking price is $85 million, according to a report by the New York Post.The nearly 1,000-foot-long pier sits directly across the boardwalk from the Hard Rock Hotel & Casino and covers roughly 5.2 acres. Ryan Serhant, Michele Zyska and Kevin Bergin of Serhant have listed the property.A piece of New Jersey history, the pier has survived a Depression, two world wars, organised crime, urban decay and a 1969 fire that burned away nearly a third of its original footprint. It remains a classic Jersey Shore amusement park, with a towering Ferris wheel, rides, games and food, along with a built-in helipad.
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