Retail Property Sells For $3.5M In Levittown With Brokers John Schilp Jonathan Kristofich Ayush Patel
SOLD
$3,500,000
Pennsylvania
See Similar DealsRetail11,000 SF
Sold 12/04/2025
SOLD
Retail Property Sells For $3.5M In Levittown With Brokers John Schilp Jonathan Kristofich Ayush Patel
8829 New Falls Road
See Similar DealsRetail11,000 SF
Sold 12/04/2025
Summary
PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$318
Total Square Footage:11,000 SF
Transaction Type:Sale
The asset involved in the transaction is a retail property located at 8829 New Falls Road in Levittown. It was sold for $3,500,000. The property encompasses a total square footage of 11,000, resulting in a price per square foot of $318.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Square Footage: 11,000
- Price Per Square Foot: $318
- Address: 8829 New Falls Road
- Market: Levittown
The brokers involved in the transaction are John Schilp, Jonathan Kristofich, and Ayush Patel, all representing NAI James E. Hanson. Their roles were crucial in facilitating the sale of the property.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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