Updated Feb 24, 2026
Meyer Futersak Of Cedarwood Group Acquires Hotel In Iselin For $20.9M
515 Us Highway 1 S
$20,900,000
$94/SF
Building Size
220,603 SF
Asset Type
Hotel
Closing
Apr 30, 2025
About this deal
AI
The property asset involved in the transaction is a hotel located at 515 US Highway 1 S in Iselin. The sale price of the asset amounts to $20,900,000, with a total square footage of 220,603, resulting in a price per square foot of $94. The hotel comprises 312 keys, with a price per key of $66,987.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $20,900,000
- Square Footage: 220,603
- Price per Square Foot: $94
- Keys: 312
- Price per Key: $66,987
- Buyer: Meyer Futersak - Cedarwood Group
- Date of Transaction: 04/30/2025
- Market: Iselin
The transaction was represented by Meyer Futersak from Cedarwood Group, who is actively seeking additional hotel assets around the US.
On the Map
$20,900,000
$94/SF
Hotel
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Iselin Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93