Updated May 12, 2025
Cornell Realty LLC Acquires Industrial Property On Madison Ave For $5.15M
500 Madison Ave
$5,150,000
Building Size
—
Asset Type
Industrial
Closing
Sep 6, 2022
About this deal
AI
The industrial asset located at 500 Madison Ave in Manalapan was sold for $5,150,000. This transaction involved the sale of a property that falls under the industrial category, reflecting the market activity in the area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,150,000
- Buyer: Cornell Realty LLC
- Seller: J&J Commercial Realty
- Broker Representatives: Lipa Lieberman, Abie Kassin & Ikey Betesh - Meridian Capital Group
- Date of Sale: 09/06/2022
The deal was facilitated by the brokerage team from Meridian Capital Group. Lipa Lieberman, Abie Kassin, and Ikey Betesh represented the interests of the buyer and seller during this transaction, ensuring that the process was handled efficiently.
On the Map
$5,150,000
Industrial
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Players
New York 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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93