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140 Ferry Street

Sunny Braxton Acquires Retail Property At 140 Ferry Street In Newark For $3.7M
SOLDRetail

Sunny Braxton Acquires Retail Property At 140 Ferry Street In Newark For $3.7M

140 Ferry Street

$3,700,000

$456/SF

Building Size

8,106 SF

Asset Type

Retail

Closing

Sep 14, 2025

AI

The retail property located at 140 Ferry Street, Newark, NJ, has been successfully sold for $3,700,000. This asset encompasses a total area of 8,106 square feet, resulting in a price per square foot of $456.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,700,000
  • Buyer: Sunny Braxton
  • Seller: Takran Levreo
  • Brokers: Brent Hanna & Aiden Kahalani - Encore Real Estate Investment Services

Brent Hanna and Aiden Kahalani represented the broker's side in this transaction highlighting their role in facilitating the successful closing. For inquiries about additional locations, interested parties can contact Aiden Kahalani at 917.363.8786 or Brent Hanna at 248.702.0293.

Players

Brent Hanna

Encore Real Estate Investment Services

Broker

$36.2M

vol

4 deals

Broker

Newark Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93