Drexel Realty Group Acquires Land In Sicklerville, NJ For $1.39M
660 Berlin - Cross Keys Road, Sicklerville, NJ, USA
$1,390,000
$0/SF
Building Size
1,000,020,000 SF
Asset Type
MultiFamily
Closing
Jan 5, 2021
AI
The property involved in this closed transaction is a piece of land located at 660 Cross Keys Rd in Sicklerville. The land spans approximately 4.05 acres and was sold on 01/06/2021. The transaction took place in the Sicklerville market.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,390,000
- Buyer's Rep: Rich Troiani - Drexel Realty Group
- Seller's Rep: Charles Maimone - Century 21 Reilly Realtors
- Acres: 4.05
- Price Per Acre (PPA): $343,210
The buyer was represented by Rich Troiani from Drexel Realty Group, while the seller was represented by Charles Maimone from Century 21 Reilly Realtors.
Players
Market 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
11.41%
Cash-on-Cash
-3.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93