Updated Oct 28, 2024
American Heritage Federal Credit Union Acquires Multifamily Property In Glendora, NJ For $1M
1320 North Black Horse Pike, Glendora, New Jersey 08029, United States
$1,000,000
$327/SF
Building Size
3,054 SF
Asset Type
MultiFamily
Closing
May 30, 2022
About this deal
AI
The multifamily property located at 1320 Black Horse Pike in Glendora, NJ has been sold for $1,000,000. The property spans 3,054 square feet and was sold at a price per square foot of $327.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 1320 Black Horse Pike, Glendora, NJ
- Market: Glendora, NJ
The buyer in this transaction was American Heritage Federal Credit Union, while the seller was Noel M Spear.
The multifamily sale at 1320 North Black Horse Pike, Glendora, New Jersey 08029, United States in Vincentown, New Jersey sold for $1M in 2022. The building is 3,054 square feet, implying about 327 per square foot on the published price. This page is the Vincentown, New Jersey file for the 1320 North Black Horse Pike, Glendora, New Jersey 08029, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Vincentown sit in the Market section below. Filter that Vincentown multifamily set by closing date to see what else sold near 1320 North Black Horse Pike, Glendora, New Jersey 08029, United States around 2022. Published consideration for 1320 North Black Horse Pike, Glendora, New Jersey 08029, United States is $1M, dated 2022. Cite this American Heritage Federal Credit Union Acquires Multifamily Property In Glendora, NJ For $1M sale when underwriting similar multifamily product around Vincentown, New Jersey.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93