Updated Sep 25, 2025
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
About this deal
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.
On the Map
$3,700,000
$456/SF
Retail
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Players
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