Updated Dec 21, 2023
BHHS Fox & Roach Acquires 2.24 Acre Land In Princeton For $1,150,000
22 Running Cedar Road, Princeton, New Jersey 08540, United States
$1,150,000
$11/SF
Building Size
97,573 SF
Asset Type
—
Closing
May 12, 2022
About this deal
AI
An expansive piece of land spanning 2.24 acres has recently been sold in Princeton. Located at 22 Running Cedar Rd, this property was sold on May 13, 2022, for a total of $1,150,000. The transaction was facilitated by BHHS Fox & Roach, represented by their broker, Helen Sherman.
Summary of transation details
- Property Type: Land (2.24 acres)
- Transaction Amount: $1,150,000
- Address: 22 Running Cedar Rd, Princeton
- Market: Princeton
Helen Sherman from BHHS Fox & Roach played a crucial role in finalizing the deal. With their expertise and representation, the sale of this land was successfully closed.
Princeton CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93