140 E Hanover St, Trenton, NJ
Three-story building with offices, auditorium, and gymnasium.
- Added:
- May 30, 2024
- Days on Market:
- 745
- Last Refresh:
- May 20 at 9:03 pm
Property Features for 140 E Hanover St
General Information
- Standard status
- Active
- Size
- 29,000 SF
- Lot size
- 0.28 Acres
- Property subtype
- OFFICE
Listing agent Charles Teh
Listing office Segal LaBate Commercial Real Estate (609) 394-7557
Listing date May 30, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Segal LaBate Commercial Real Estate
HighLights
- Multi‑purpose 3‑story building suitable for offices, auditorium, and gymnasium
- Total building area of approximately 29,100 SF
- Located on a 11,723 SF irregular shaped parcel of land
- Includes a gymnasium
- Includes an auditorium
- Option to purchase separately from 127 Academy Street
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $389.8k | $13.44 |
| − Vacancy | −$42.9k | −$1.48 |
| EGI | $346.9k | $11.96 |
| − OpEx | −$86.7k | −$2.99 |
| NOI | $260.2k | $8.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Trenton
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.7626
- Latitude
- 40.2213
