Updated Sep 25, 2025
Sunny Braxton Purchases Retail Property From Takran Levreo 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
This retail property located at 140 Ferry Street in Newark, NJ, was sold for $3,700,000. The asset encompasses a total of 8,106 square feet, translating to 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
- Sale Date: 9/15/2025
Brent Hanna and Aiden Kahalani represent the brokerage firm Encore Real Estate Investment Services in this transaction. They have confirmed successful coordination between the seller and buyer, and are actively seeking additional locations for other potential buyers.
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