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Princeton,NJ 08542
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $600
MLS Listing ID NJME2059184
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $63,272
Tax Year 2024
Lot Dimensions 120.00 x 60.00
Property Sub-Type Five Or More Units
Property Description
Steps from Nassau Street, Princeton University, shops, and restaurants, this exceptional property offers a rare opportunity to invest in one of New Jersey's most prestigious and stable markets. Set along a quiet, tree-lined street with the added convenience of off-street parking, the former Masonic Hall has been thoughtfully transformed into ten distinctive residential units. The redevelopment was led by Josh Zinder, founding principal of JZA+D, a Princeton-based architecture and design firm known for its innovative approach to adaptive reuse and sustainable design. Here, he preserved the hall's architectural legacy while creating elevated, contemporary residences with refined finishes throughout. Each unit is unique, offering high ceilings, oversized windows, custom millwork, and layouts that balance openness with a sense of intimacy. The mix includes studio, one-bedroom, and two-bedroom duplexes. This is a rare chance for investors to own architect-designed real estate in a prime location with long-term income potential. The building is ideal for rental income, 1031 exchanges, or use as a 401k investment. This investment could be converted to condo sales.
Location
State NJ
County Mercer
Area Princeton (21114)
Zoning R4
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Tile/Brick,Solid Hardwood
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Water Access N
Accessibility Elevator,Ramp - Main Level
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Community Park E.S.
Middle Schools John Witherspoon M.S.
High Schools Princeton H.S.
School District Princeton Regional Schools
Others
Tax ID 14-00017 03-00073
Ownership Other
Special Listing Condition Standard