Marcus & Millichap Sells Trenton Retail Property On Greenwood Avenue For $1.73M
SOLD
$1,730,000
+ 1
New Jersey
See Similar DealsRetail10,000 SF
Sold 11/02/2020
SOLD
Marcus & Millichap Sells Trenton Retail Property On Greenwood Avenue For $1.73M
1901 Greenwood Avenue, Trenton, NJ, USA
See Similar DealsRetail10,000 SF
Sold 11/02/2020
+ 1
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$173
Total Square Footage:10,000 SF
Transaction Type:Sale
The retail property located at 1901 Greenwood Avenue in Trenton has been sold for a price of $1,730,000. The transaction took place on 11/02/2020, and the property spans across 10,000 square feet, resulting in a price per square foot of $173.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,730,000
- Square Footage: 10,000
- Price per Square Foot: $173
- Address: 1901 Greenwood Avenue
- Market: Trenton
The sale of this retail property was facilitated by Brent Hyldahl, Alan Cafiero, Ben Sgambati, and Matt Leszyk from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$92,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,146.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,201.08
Annual Debt Service$98,412.99
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