Updated Jan 9, 2025
Keith Rosenthal Of Phoenix Realty Group Acquires Industrial Property In Piscataway For $2.85M
2 Lakeview Avenue
$2,850,000
$111/SF
Building Size
25,500 SF
Asset Type
Industrial
Closing
Jan 8, 2025
About this deal
AI
Keith Rosenthal, representing Phoenix Realty Group, acquired an industrial building located at 2 Lakeview Avenue in Piscataway for a transaction amount of $2,850,000. This property spans 25,500 square feet and features multiple tenants along with over an acre of paved parking.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,850,000
- Square Footage: 25,500
- Address: 2 Lakeview Avenue
- Market: Piscataway
- Seller: Harris Camden Realty
- Broker: Gregory Irving - Bussel Realty Corp
- Price Per Square Foot: $112
Gregory Irving of Bussel Realty Corp facilitated the transaction, representing the seller, Harris Camden Realty, through the negotiation and completion of the deal.
On the Map
$2,850,000
$111/SF
Industrial
View full map
Players
Piscataway Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Gregory Irving to view all their deals.
Browse Piscataway industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93