SOLD
Mark Neuman & Investors Acquire Brooklyn Rental To Condo Conversion For $30M
67 Livingston St, Brooklyn, NY 11201, USA
Building Size
3,404 SF
Asset Type
—
Closing
Jan 16, 2017
About this deal
AI
The property at 67 Livingston St in Brooklyn is undergoing a rental to condo conversion. The transaction, which occurred on January 17, 2017, has reached the contract stage with a price of $30,000,000.00. The market for this property is in the NYC Boroughs.
Summary of transaction details
- Property Type: Rental to Condo conversion
- Transaction Amount: $30,000,000.00
- Address: 67 Livingston St
- City: Brooklyn
- Market: NYC Boroughs
The seller of the property is Glory Capital, while the buyers are Mark Neuman & Investors.
On the Map
Players
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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