Updated Sep 9, 2024
BHHS Fox & Roach-Princeton Acquires Development Site In Pennington For $999,900
1569 Reed Rd, Pennington, NJ, USA
$999,900
$3/SF
Building Size
294,030 SF
Asset Type
Development Site
Closing
Feb 22, 2021
About this deal
AI
A development site located at 1569 Reed Rd in Pennington was sold on February 23, 2021. The property spans across 7.5 acres and was purchased for a price of $999,900. The price per acre (PPA) for this transaction is approximately $133,320. The transaction involved the following key individuals:
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $999,900
- Address: 1569 Reed Rd, Pennington
- Market: Pennington
The buyer's representative in the deal was Jennifer Tome-Berry from BHHS Fox & Roach-Princeton. On the other hand, Dave Marcolla from Keller Williams Real Estate - Newtown represented the seller. It is important to note that no additional details or information are available about this transaction.
Players
Pennington Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93