Updated Dec 19, 2023
BHHS Fox & Roach Acquires Multifamily Property In Princeton For $2.15M
152 Mercer Street, Princeton, New Jersey 08540, United States
$2,150,000
$2,075/SF
Building Size
1,036 SF
Asset Type
MultiFamily
Closing
Dec 28, 2021
About this deal
AI
The multifamily property located at 152-158 Mercer St in Princeton was recently sold for a price of $2,150,000. The property consists of 4 units with an average price per unit of $537,500. The total square footage of the property is 1,036, resulting in a price per square foot of $2,075. The transaction took place on 12/28/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Address: 152-158 Mercer St, Princeton
- Market: Princeton
- Units: 4
- Price per Unit: $537,500
- Square Footage: 1,036
- Price per Square Foot: $2,075
The buyer's representative in this transaction was Liangtun Fan from BHHS Fox & Roach, while the seller's representative was Ivy Huang, also from BHHS Fox & Roach.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93