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

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.