DNG Property Associates Acquires Mixed-Use Property In Princeton For $3M
234 Nassau Street, Princeton, NJ, USA
$3,032,000
$303/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Dec 13, 2020
AI
Located at 234 Nassau Street in Princeton, this mixed-use property was recently sold on December 14, 2020. The transaction was completed for a total price of $3,032,000, resulting in a price per square foot of $303. The property spans an area of 10,000 square feet.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,032,000
- Market: Princeton
- Buyer: DNG Property Associates LLC
- Seller: Almama Limited Partnership
- Broker: Al Toto - Commercial Property Network Inc.
The buyer in this transaction was DNG Property Associates LLC, while the seller was Almama Limited Partnership. Representing the buyer in the deal was Al Toto from Commercial Property Network Inc.
Players
Princeton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.23%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93