Updated Dec 21, 2023
Hunterdon Bucks Realty Acquires Multifamily Property In Lambertville For $2.81M
260 North Main Street, Lambertville, NJ 08530
$2,810,000
$410/SF
Building Size
6,851 SF
Asset Type
MultiFamily
Closing
Jun 1, 2020
About this deal
AI
The multifamily property located at 260 N Main St in Lambertville, NJ has been sold for $2,810,000. The property spans 6,851 square feet, resulting in a price per square foot of $410. The transaction took place on June 1, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,810,000
- Address: 260 N Main St, Lambertville, NJ
- Market: Lambertville, NJ
- Broker: Erin McManus-Keyes - Hunterdon Bucks Realty LLC
Erin McManus-Keyes from Hunterdon Bucks Realty LLC represented the parties involved in this transaction.
Players
Lambertville 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
5.65%
Cash-on-Cash
-1.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93