Carlos Gomes Acquires Multifamily Asset At 400 Black Horse Pike In Blackwood For $4.5M
400 Black Horse Pike
$4,500,000
$209/SF
Building Size
21,450 SF
Asset Type
MultiFamily
Closing
Jun 3, 2026
AI
The asset involved in the transaction is a multifamily property located at 400 Black Horse Pike in Blackwood. The sale price was $4,500,000 for a total of 33 units, which equates to a price per unit of $136,363. The property comprises a total square footage of 21,450, resulting in a price per square foot of $209.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Units: 33
- Price Per Unit: $136,363
- Square Footage: 21,450
- Price Per Square Foot: $209
- Buyer: Carlos Gomes
- Seller: Bernard Burkhoff
- Broker: Adam Zweibel - Hudson Atlantic Realty
The transaction was facilitated by Adam Zweibel of Hudson Atlantic Realty, who represented the interests involved in the deal. Carlos Gomes acquired the property from Bernard Burkhoff, finalizing the sale on 06/03/2026.
Blackwood 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93