Sunny Braxton Acquires Retail Property At 140 Ferry Street In Newark For $3.7M
SOLD
$3,700,000
New Jersey
See Similar DealsRetail8,106 SF
Sold 09/15/2025
SOLD
Sunny Braxton Acquires Retail Property At 140 Ferry Street In Newark For $3.7M
140 Ferry Street
See Similar DealsRetail8,106 SF
Sold 09/15/2025
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$456
Total Square Footage:8,106 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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