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Shamah Properties Acquires Multifamily Property In Princeton, NJ For $70.35M

Property Image
SOLD
$70,350,000

New Jersey

See Similar Deals
MultiFamily217,259 SF
Sold 06/28/2020
the dealdetailscomps
Property Image
SOLD

Shamah Properties Acquires Multifamily Property In Princeton, NJ For $70.35M

300 Bunn Drive, Princeton, NJ 08540, USA

See Similar Deals
MultiFamily217,259 SF
Sold 06/28/2020
the dealdetailscomps

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$323
Total Square Footage:217,259 SF
Transaction Type:Sale

The multifamily property located at 300 Bunn Drive in Princeton, NJ was recently sold for a total of $70,350,000. The sale took place on 06/28/2021, and the buyer of the property was Shamah Properties, represented by Eddie Setton. The property consists of 153 units, with an average price per unit of $459,804. It spans a total area of 217,259 square feet, with a price per square foot of $324.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $70,350,000
  • Address: 300 Bunn Drive, Princeton, NJ
  • Market: Princeton, NJ
  • Buyer: Shamah Properties - Eddie Setton
  • Units: 153
  • Price per Unit: $459,804
  • Total Square Footage: 217,259
  • Price per Square Foot: $324

Eddie Setton, representing Shamah Properties, played a key role in the transaction as their broker. The sale of this multifamily property with its 153 units showcases the attractiveness of the Princeton, NJ market for real estate investment.

Players

SP
Shamah Properties
BUYER

Details

SOLD
IMAGE: Eddie Setton DATE: 06/28/2021 ADDRESS: 300 Bunn Drive MARKET: Princeton, NJ ASSET TYPE: Multifamily BUYER: Shamah Properties (@ShamCoManagement) - Eddie Setton (@EdSetton) SALE PRICE: $70,350,000 UNITS: 153 ~ PPU: $459,804 SF: 217,259 ~ PPSF: $324

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