Updated Oct 29, 2024
Rafael Holdings Inc. Sells Piscataway Office Building For $3.9M - Jacklene Chesler Represented The Seller
225 Old New Brunswick Rd, Piscataway, NJ 08854, Estados Unidos
$3,875,000
$59/SF
Building Size
65,253 SF
Asset Type
Office
Closing
Sep 10, 2020
About this deal
AI
Rafael Holdings Inc. has sold an office property located at 225 Old New Brunswick Road in Piscataway. The sale took place on September 11, 2020. The property, spanning 65,253 square feet, was sold for a price of $3,875,000, resulting in a price per square foot of $59.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,875,000
- Address: 225 Old New Brunswick Road
- Market: Piscataway
- Square Footage: 65,253
- Seller: Rafael Holdings Inc.
Jacklene Chesler from Colliers International represented Rafael Holdings Inc. in this transaction.
Players
Piscataway 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
4.09%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93