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555 River Road, Piscataway,...

David Greek Acquires Office Building In Piscataway, NJ For $5.5M
SOLDOffice

David Greek Acquires Office Building In Piscataway, NJ For $5.5M

555 River Road, Piscataway, New Jersey 08854, United States

$5,500,000

$28/SF

Building Size

191,164 SF

Asset Type

Office

Closing

Sep 28, 2022

AI

An office building located at 555 River Rd in Piscataway, NJ was recently sold on September 29, 2022. The property spans across 191,164 square feet and was sold for a price of $5,500,000, resulting in a price per square foot of $28.

Summary of transaction details

  • Property Type: Office Building
  • Transaction Amount: $5,500,000
  • Square Footage: 191,164
  • Price per Square Foot: $28
  • Address: 555 River Rd, Piscataway, NJ
  • Market: Piscataway, NJ

The buyer of the office building is David Greek, while the seller is Terri Hamill.

Players

David Greek

Greek Real Estate Partners

Broker

$438.3M

vol

6 deals

Broker
David Greek

David Greek

Greek Development

Buyer

$438.3M

vol

6 deals

Buyer

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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93