Icon Real Estate Advisors Represents Seller In $35.1M Multifamily Sale In Piscataway
SOLD
$35,100,000
+ 2
New Jersey
See Similar DealsMultiFamily117,133 SF
Sold 02/12/2026
SOLD
Icon Real Estate Advisors Represents Seller In $35.1M Multifamily Sale In Piscataway
67 Old New Brunswick Road
See Similar DealsMultiFamily117,133 SF
Sold 02/12/2026
+ 2
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$299
Total Square Footage:117,133 SF
Transaction Type:Sale
The asset involved in the transaction is a multifamily property located at 67 Old New Brunswick Road in Piscataway. It was sold for $35,100,000 and consists of 110 units. The property has a total square footage of 117,133, making the price per unit $319,090 and the price per square foot $299.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $35,100,000
- Units: 110
- Square Footage: 117,133
- Price Per Unit: $319,090
- Price Per Square Foot: $299
- Market: Piscataway
- Seller's Representative: David Jarvis, David Oropeza, Ben Susskind, Justin Lupo & David Betesh - Icon Real Estate Advisors
Icon Real Estate Advisors played a significant role in this transaction by utilizing a targeted marketing strategy that engaged potential buyers effectively, resulting in the asset going under contract within 30 days of its market launch.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,872,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$124,702.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$166,391.91
Annual Debt Service$1,996,702.89
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