Updated Dec 4, 2024
Weichert Realtors Acquires Multifamily Property In Princeton For $2.45M
145 Ewing Street & 147 Ewing Street
$2,450,000
$209/SF
Building Size
5,850 SF
Asset Type
MultiFamily
Closing
Nov 13, 2023
About this deal
AI
The multifamily property located at 145-147 Ewing Street in Princeton has been sold for $2,450,000. The transaction involved Ron Dolenti of Weichert Realtors representing the buyer and Brooke Brown of Compass representing the seller. The property spans 0.25 acres and features a total square footage of 5,850. The sale price per square foot (PPSF) was $419.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Address: 145-147 Ewing Street, Princeton
- Market: Princeton
- Buyer's Representative: Ron Dolenti - Weichert Realtors
- Seller's Representative: Brooke Brown - Compass
- Total Acreage: 0.25
- Square Footage: 5,850
- Price per Square Foot (PPSF): $419
The sale of the multifamily property at 145-147 Ewing Street in Princeton, represented by Ron Dolenti of Weichert Realtors on behalf of the buyer and Brooke Brown of Compass on behalf of the seller, demonstrates another successful transaction in the local real estate market.
Players
Princeton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93