Is That A Good Deal? ‘Fabulous-Newly Renovated’

Murray Place apartment viewed from front. (Click to expand.)

As part of an occasional series where we cast an eye over the Princeton, NJ rental and real estate market, we invite you to comment on a local listing that we have pulled more or less at random off Craigslist. Previous entries are here and here.

Today we are looking at a 2br, 2-ba apartment at Murray Place, just off Nassau Street at the eastern end of the Princeton U. campus. The rate is “from $2,300” per month. Full listing here.

This advertisement makes specific mention of the walkable location of this apartment:

“…located on beautiful Murray Place, 1/2 block from Nassau St. and adjacent to Princeton University campus, 2 blocks from Westminster Choir College, minutes’ walk to local shops, cafes/restaurants, bus and train stations.”

Outdoor table at Murray Place apartment. (Click to expand.)

Last week we observed that 2-br apartments in a proposed redevelopment of the former Davidson’s supermarket space in the ‘Gasoline Alley’ section of Nassau St would likely go on the market for $3,000. However, it’s not always easy to compare between brand-new units and older housing opportunities. What do you think? Is $2,300 / month for this apartment a good deal?