Updated Dec 20, 2023
Nilesh Dasondi Acquires Senior Housing In Edison For $17M
10 Brunswick Avenue, Edison, NJ, USA
$17,000,000
$28/SF
Building Size
587,624 SF
Asset Type
Other
Closing
Jan 31, 2021
About this deal
AI
Located at 10 Brunswick Ave in Edison, this senior housing property was recently sold. The transaction took place on 02/01/2021, with Nilesh Dasondi purchasing the property from Joseph M. Lemaine for a total price of $17,000,000. The sale of this asset marks a significant investment in the senior housing market in Edison.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $17,000,000
- Address: 10 Brunswick Ave
- Market: Edison
Nilesh Dasondi acted as their own representative in the deal. As the buyer, they recognized the potential and value of this senior housing property, making it a worthy investment. On the other hand, Joseph M. Lemaine represented themselves as the seller, choosing to part ways with this asset at an agreeable price.
Players
Edison Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93