Arav Naik Purchases Hotel In Linden From David Nathanson For $10.5 Million

The asset involved in this transaction is a hotel located at 401 West Edgar Road in the Linden market. The hotel comprises 42,000 square feet and contains 104 keys, with a price per key of $100,961 and a price per square foot of $250. The total sale price for the property was $10,500,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $10,500,000
• Address: 401 West Edgar Road
• Market: Linden
• Keys: 104
• Price per Key: $100,961
• Square Footage: 42,000
• Price per Square Foot: $250
• Buyer: Arav Naik
• Seller: David Nathanson
• Brokers: Aidan Alverson & Joseph Spinella - KW Commercial; Henry Eisenstein - EXP Realty

The key individuals involved in the transaction include the buyer, Arav Naik, and the seller, David Nathanson. The broker representation was provided by Aidan Alverson and Joseph Spinella from KW Commercial, along with Henry Eisenstein from EXP Realty. For further commercial real estate assistance, Joseph Spinella can be contacted at 732-837-2832.