202 W State St, Trenton, NJ 08608
Four-story brownstone building in Trenton's State House Historic District.
- Added:
- Dec 6, 2017
- Days on Market:
- 3111
- Last Refresh:
- May 19 at 10:07 pm
Property Features for 202 W State St
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Office
Listing agent Anne LaBate License #NJ 9587202
Listing office Segal LaBate Commercial Real Estate
Listing date Dec 6, 2017
Source Crexi
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
- Located in Trenton's State House Historic District
- Includes a 4‑story building with approximately 5,026 SF of above‑grave area and a paved lot
- Building footprint is approximately 1,400 SF
- The second parcel is a paved lot on the corner of Capital Street and Greens Place
- Includes two parcels
- Eligible for Redevelopment Tax Incentives through the SBA Hubzone Program
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 | $67.2k | $13.44 |
| − Vacancy | −$7.4k | −$1.48 |
| EGI | $59.8k | $11.96 |
| − OpEx | −$15.0k | −$2.99 |
| NOI | $44.9k | $8.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Trenton
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.7727519
- Latitude
- 40.2219089
