Icon Real Estate Advisors Represents Seller In $35.1M Multifamily Sale In Piscataway

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.