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594 Berlin-Cross Keys Road

Kevin Burstein Of NJ Food Group Purchases Retail Property In Sicklerville For $2.25M
SOLDRetail

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:

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

Erick Vaysman

Silber Investment Properties

Broker

$4.9M

vol

3 deals

Broker

Kevin Burstein

NJ Food Group

Buyer

$2.3M

vol

1 deal

Buyer

Mike Lynn

Seller

$2.3M

vol

1 deal

Seller

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