Kevin Burstein Of NJ Food Group Purchases Retail Property In Sicklerville For $2.25M
594 Berlin-Cross Keys Road
$2,250,000
$892/SF
Building Size
2,520 SF
Asset Type
Retail
Closing
Jul 24, 2026
AI
The property asset involved in this transaction is located at 594 Berlin-Cross Keys Road in Sicklerville. It is classified as retail space, encompassing a total area of 2,520 square feet. The sale price for the property was reported at $2,250,000, equating to approximately $892 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,250,000
- Address: 594 Berlin-Cross Keys Road
- Market: Sicklerville
- Square Footage: 2,520
- Price Per Square Foot: $892
- Buyer: Kevin Burstein - NJ Food Group
- Seller: Mike Lynn
- Buyer's Representative: Erick Vaysman - Silber Investment Properties
- Seller's Representative: Chris Madlon - Silber Investment Properties
The key individuals and companies involved in this transaction include Kevin Burstein representing the buyer, NJ Food Group, and Mike Lynn representing the seller. The deal was facilitated by Erick Vaysman and Chris Madlon, both affiliated with Silber Investment Properties, acting as the buyer's and seller's representatives, respectively.
Players
Clementon Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93