Updated Dec 21, 2023
Red Door Real Estate Acquires Office Property In Piscataway For $3.3M
14 Plainfield Avenue, Edison, New Jersey 08817, United States
$3,300,000
Building Size
—
Asset Type
Office
Closing
Apr 28, 2022
About this deal
AI
The office building located at 14 & 18 Plainfield Avenue & 605 River Road in Piscataway has been sold for $3,300,000. The sale took place on April 29, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,300,000
- Date: 04/29/2022
- Address: 14 & 18 Plainfield Avenue & 605 River Road, Piscataway
- Market: Piscataway
The buyer's representative in this transaction was Edward P. Nugent III from Red Door Real Estate. On the other hand, Joseph S. Boniakowski from The Boniakowski Commercial Real Estate Group represented the seller in the deal.
Players
Edison Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93