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
Haddonfield 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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93