Sunny Braxton Purchases Retail Property From Takran Levreo In Newark For $3.7M
SOLD
$3,700,000
New Jersey
See Similar DealsRetail8,106 SF
Sold 09/15/2025
SOLD
Sunny Braxton Purchases Retail Property From Takran Levreo 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
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.
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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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