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182-184 John Street

Princeton Multifamily Property Sold For $1.218M With Broker Representation By BHHS Fox & Roach And Realmart Realty
SOLDMultiFamily

Princeton Multifamily Property Sold For $1.218M With Broker Representation By BHHS Fox & Roach And Realmart Realty

182-184 John Street

$1,218,000

$487/SF

Building Size

2,497 SF

Asset Type

MultiFamily

Closing

Aug 12, 2024

AI

A multifamily property located at 182-184 John Street in Princeton sold for $1.218 million. The property encompasses a total of 2,497 square feet, with a price per square foot of $488. It features approved renovation plans for a four-bedroom and a three-bedroom apartment, along with additional off-street parking, presenting substantial investment potential in proximity to the town and university.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,218,000
  • Square Footage: 2,497
  • Price Per Square Foot: $488
  • Address: 182-184 John Street
  • Market: Princeton

The transaction involved brokers John Terebey and Sunny Sharad from BHHS Fox & Roach, along with Min Tang from Realmart Realty, representing the parties in the deal.

Players

John Terebey

Berkshire Hathaway HomeServices

Broker

$3.7M

vol

2 deals

Broker

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

13.02%

Cash-on-Cash

-3.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93