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
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