L&M Development Partners Leases 2375 Sq Ft Space In Brooklyns 574 Livonia Ave
574 Livonia Ave, Brooklyn, NY, 11207
Building Size
2,375 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The property at 574 Livonia Ave, Brooklyn, NY, 11207, with a total square footage of 2375, has been leased in Brooklyn. The landlord, represented by William Etheridge of Douglas Elliman, is L+M Development Partners.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not applicable
- Address: 574 Livonia Ave, Brooklyn, NY, 11207
- Market: Brooklyn
- Landlord's Rep: William Etheridge (Douglas Elliman)
- Landlord: L+M Development Partners
- Square Feet: 2375
William Etheridge of Douglas Elliman served as the landlord's representative in the lease transaction of the property. L+M Development Partners' decision to lease the space at 574 Livonia Ave reflects their strategic investment moves in Brooklyn's real estate market.
On the Map
Players
Brooklyn CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
Deal FAQ
Browse New York leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93