Updated Dec 4, 2024
Francis Longo, Mitchell Hassman & Jared Hassman Acquire Multifamily Property Haddon Heights
11 Black Horse Pike & 17 Black Horse Pike
$2,315,000
$57/SF
Building Size
20,000 SF
Asset Type
MultiFamily
Closing
May 31, 2024
About this deal
AI
The multifamily property located at 11-17 S Black Horse Pike in Haddon Heights was recently sold for $2,315,000. The property comprises 18 units with a total square footage of 20,000, resulting in a price per unit of $128,611 and a price per square foot of $116.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,315,000
- Buyer: Francis Longo, Mitchell Hassman & Jared Hassman - FMJ Properties
- Seller: Dorlores Belfer - SAJ Management
- Broker: Santini Lancioni - Hall of Fame Real Estate
- Address: 11-17 S Black Horse Pike
- Market: Haddon Heights
The sale of this multifamily property was facilitated by Santini Lancioni from Hall of Fame Real Estate, representing the seller Dorlores Belfer. The buyer, FMJ Properties, was represented by Francis Longo, Mitchell Hassman, and Jared Hassman. This transaction underscores the active real estate market in Haddon Heights.
Haddon Heights MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.85%
Cash-on-Cash
-1.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93