Updated Oct 28, 2024
225 May Street Tpi LLC Acquires Office Property In Edison For $6.825M
225 May Street, Edison, NJ 08837, USA
$6,825,000
$1,659/SF
Building Size
4,114 SF
Asset Type
Office
Closing
Oct 15, 2021
About this deal
AI
The office building located at 225 May Street in Edison has been sold in a recent transaction. The property, situated in the bustling market of Edison, offers a prime location for businesses.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,825,000
- Address: 225 May St
- Market: Edison
On October 15, 2021, the buyer, 225 May Street Tpi LLC, acquired the property from the seller, 225 May Street Associates LLC. The deal was finalized for a sale price of $6,825,000.
Players
Edison Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93