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22 South Haddon Avenue

Atlis Real Estate And Amanda Sokol Acquire Multifamily Property In Haddonfield For $3.95M
SOLDMultiFamily

Atlis Real Estate And Amanda Sokol Acquire Multifamily Property In Haddonfield For $3.95M

22 South Haddon Avenue, 100-102 Potter Street, 415, 417, 423 N Haddon Avenue, 75-77 Ellis Street & 307 East Kings Highway

$3,950,000

$22/SF

Building Size

175,000 SF

Asset Type

MultiFamily

Closing

Dec 22, 2023

AI

The recently closed property transaction in Haddonfield, NJ involved a multifamily asset located at 22 South Haddon Avenue, 100-102 Potter Street, 415, 417, 423 North Haddon Avenue, 75-77 Ellis Street, and 307 East Kings Highway. This property spans approximately 35,000 square feet and consists of 27 units. The sale price for this multifamily asset was $3,950,000, resulting in a per unit price of $146,296. The price per square foot was $113.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,950,000
  • Units: 27
  • Price per Unit: $146,296
  • Square Footage: 35,000
  • Price per Square Foot: $113
  • Address: 22 South Haddon Avenue, 100-102 Potter Street, 415, 417, 423 North Haddon Avenue, 75-77 Ellis Street, and 307 East Kings Highway
  • Market: Haddonfield, NJ

The property transaction was facilitated by Atlis Real Estate and Amanda Sokol, who acted as the buyer. Gene Zlotnikov and Henry Berenato, representing theacquisition team, served as the brokers for this deal.

Players

Gene Zlotnimov

Acquisition Team

Broker

$4M

vol

1 deal

Broker
Amanda Sokol

Amanda Sokol

Buyer

$13.9M

vol

4 deals

Buyer

Haddonfield MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93