Vinit Nagda Of EXP Realty Represents Buyer In 1.5 Acre Princeton Land Sale For $1.12M
$1,121,585
Building Size
—
Asset Type
Land
Closing
Aug 8, 2024
AI
13 Prentice Lane is a land asset located in Princeton, covering 1.5 acres. This property was sold for $1,121,585. The land consists of seven wooded lots, approved and ready for development, allowing for custom-built homes on a private cul-de-sac.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,121,585
- Address: 13 Prentice Lane
- Market: Princeton
- Acres: 1.5
- Buyer's Representative: Vinit Nagda - EXP Realty
- Seller's Representative: Susan DiMeglio - Callaway Henderson Sotheby's International Realty
This transaction involved Landmark Companies developing the site for custom-built homes. Buyers are allowed to select their own architects and builders for construction.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.14%
Cash-on-Cash
-4.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93