Updated Dec 20, 2023
Nicholas Bufano Acquires Office Building In East Brunswick, NJ From Thomas Picone For $2.8M
150 Tices Lane, East Brunswick, New Jersey 08816, United States
$2,800,000
$175/SF
Building Size
16,000 SF
Asset Type
Office
Closing
Mar 20, 2022
About this deal
AI
An office building located at 150 Tices Ln in East Brunswick, NJ was sold on March 21, 2022. The property was sold for a total price of $2,800,000.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $2,800,000
- Address: 150 Tices Ln, East Brunswick, NJ
- Market: East Brunswick, NJ
The buyer of the office building at 150 Tices Ln was Nicholas Bufano, while the seller was Thomas Picone.
The office sale at 150 Tices Lane, East Brunswick, New Jersey 08816, United States in East Brunswick, New Jersey sold for $2.8M in 2022. The building is 16,000 square feet, implying about 175 per square foot on the published price. This page is the East Brunswick, New Jersey file for the 150 Tices Lane, East Brunswick, New Jersey 08816, United States office sold: pricing, party profiles, and other closed office comps from the same East Brunswick sit in the Market section below. Filter that East Brunswick office set by closing date to see what else sold near 150 Tices Lane, East Brunswick, New Jersey 08816, United States around 2022. Published consideration for 150 Tices Lane, East Brunswick, New Jersey 08816, United States is $2.8M, dated 2022. Cite this Nicholas Bufano Acquires Office Building In East Brunswick, NJ From Thomas Picone For $2.8M sale when underwriting similar office product around East Brunswick, New Jersey.
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East Brunswick 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93