Updated Feb 20, 2026
Eastern Lift Truck Co Inc Purchases Industrial Asset From Robert Bob Snyder For $10.5M
281 Centennial Avenue
$10,500,000
$254/SF
Building Size
41,309 SF
Asset Type
Industrial
Closing
Dec 17, 2025
About this deal
AI
The industrial asset sold is located at 281 Centennial Avenue in Piscataway. The buyer of the property is Eastern Lift Truck Co, Inc., while the seller is Robert (Bob) Snyder from Binsky & Snyder. The sale was finalized for a total amount of $10,500,000, encompassing a total square footage of 41,309 square feet, which translates to a price per square foot of $254.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,500,000
- Address: 281 Centennial Avenue
- Market: Piscataway
- Square Footage: 41,309
- Price per Square Foot: $254
- Buyer: Eastern Lift Truck Co, Inc.
- Seller: Robert (Bob) Snyder - Binsky & Snyder
- Brokers: Robert J. DiLeo, Robert V. DiLeo, Christopher Galiano & Kyle Gerace - NAI DiLeo-Bram & Co.
Representing the parties in this transaction are Robert J. DiLeo, Robert V. DiLeo, Christopher Galiano, and Kyle Gerace from NAI DiLeo-Bram & Co. They facilitated the sale between the buyer, Eastern Lift Truck Co, Inc., and the seller, Robert (Bob) Snyder of Binsky & Snyder.
On the Map
$10,500,000
$254/SF
Industrial
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Players
Piscataway Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93