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1901 Greenwood Avenue, Tren...

Updated Dec 21, 2023

Marcus & Millichap Sells Trenton Retail Property On Greenwood Avenue For $1.73M
SOLDRetail

Marcus & Millichap Sells Trenton Retail Property On Greenwood Avenue For $1.73M

1901 Greenwood Avenue, Trenton, NJ, USA

$1,730,000

$173/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Nov 1, 2020

About this deal

AI

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.

Players

Ben Sgambati

Marcus & Millichap

Broker

$121.9M

vol

19 deals

Broker

Trenton Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $173 per square foot on a published $1.7M for 10,000 square feet (2020).

Visit Matt Leszyk to view all their deals.

Browse New Jersey retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.17%

Cash-on-Cash

-2.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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