Frank A. Talarico & Abigail Berman Acquire Store In Haddonfield, NJ For $1.23M
220 Mountwell Avenue, Haddonfield, New Jersey 08033, United States
$1,230,000
$307/SF
Building Size
4,002 SF
Asset Type
Retail
Closing
May 15, 2022
AI
The property at 220 Mountwell Ave in Haddonfield, NJ has been sold. The store, measuring 4,002 square feet, was purchased by Frank A Talarico & Abigail Berman from Michael Lepore & Lauren P Lepore. The sale took place on May 16, 2022, for a total price of $1,230,000. The price per square foot (PPSF) comes to $307.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $1,230,000
- Address: 220 Mountwell Ave, Haddonfield, NJ
- Market: Haddonfield, NJ
- Buyer: Frank A Talarico & Abigail Berman
- Seller: Michael Lepore & Lauren P Lepore
- Square Footage: 4,002
- Price per Square Foot (PPSF): $307
Frank A Talarico & Abigail Berman, as the buyers, successfully acquired the store from Michael Lepore & Lauren P Lepore. The transaction marks an important deal for all parties involved.
Players
Haddonfield Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93