Aaron Hakimian Of Baaco Properties Acquires Office In Trenton For $4,026,000
150 West State Street
$4,026,000
$93/SF
Building Size
43,157 SF
Asset Type
Office
Closing
Jun 12, 2026
AI
The property asset involved in the transaction is an office located at 150 West State Street, Trenton, NJ. The sale price was $4,026,000, and the building encompasses a total square footage of 43,157, resulting in a price per square foot of $93.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,026,000
- Square Footage: 43,157
- Price per Square Foot: $93
- Buyer: Aaron Hakimian – Baaco Properties
- Seller: Stephen Cowen
- Brokers: Andre Balthazard & Andrew Schwartz - Cushman & Wakefield
Baaco Properties is actively seeking office buildings in the tri-state area and nationally. The brokers involved in this transaction were Andre Balthazard and Andrew Schwartz, representing Cushman & Wakefield in the sale.
Players
Trenton 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
3.94%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93