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
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.
Players
Brooklyn CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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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