facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Multifamily

/

Sale

/

11 Black Horse Pike

Updated Dec 4, 2024

Francis Longo, Mitchell Hassman & Jared Hassman Acquire Multifamily Property Haddon Heights
SOLDMultiFamily

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.

Players

Santini Lancioni

Hall of Fame Real Estate

Broker

$2.3M

vol

1 deal

Broker

Haddon Heights MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $57 per square foot on a published $2.3M for 40,000 square feet (2024).

Visit Hall of Fame Real Estate to view all their deals.

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

More Deals

Nearby Markets