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Lonicera Partners Acquires Office/Dev. Site On Livingston Street In Downtown Brooklyn For $12.75M

Property Image
SOLD
$12,750,000
Jamie Anthony
Abraham Leifer
Demetrios Yatrakis

New York

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Development Site12,100 SF
Sold 07/20/2020
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Property Image
SOLD

Lonicera Partners Acquires Office/Dev. Site On Livingston Street In Downtown Brooklyn For $12.75M

275 Livingston Street, Brooklyn, NY, USA

See Similar Deals
Development Site12,100 SF
Sold 07/20/2020
Jamie Anthony
Abraham Leifer
Demetrios Yatrakis
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,053
Total Square Footage:12,100 SF
Transaction Type:Sale

Located in Downtown Brooklyn, the property at 275 Livingston Street has been sold in a recent transaction. The asset in question is an office/development site, offering potential for future development. The sale took place on July 20, 2021, with a sale price of $12,750,000.

Summary of transation details

  • Property Type: Office/Dev. Site
  • Transaction Amount: $12,750,000
  • Address: 275 Livingston Street
  • Market: Downtown Brooklyn

Lonicera Partners, represented by John Evans, Jamie Anthony, and Demetrios Yatrakis, acquired the property from Aview Equities, represented by Abraham Leifer. This transaction marks a change in ownership for the property, with the previous sale taking place in October 2018 at a price of $14,800,000.

Players

Abraham Leifer
Fortress Investment Group
Abraham Leifer
6 deals$162.1M volume
BROKER
Jamie Anthony
Jamie Anthony
7 deals$127.3M volume
BUYER
Jamie Anthony
Jamie Anthony
7 deals$127.3M volume
BUYER
Demetrios Yatrakis
Demetrios Yatrakis
5 deals$116.8M volume
BUYER
Demetrios Yatrakis
Demetrios Yatrakis
5 deals$116.8M volume
BUYER
LP
Lonicera Partners
BUYER
Abraham Leifer
Abraham Leifer
6 deals$162.1M volume
SELLER

Details

SOLD
IMAGE: Abraham Leifer DATE: 07/20/2021 ADDRESS: 275 Livingston Street MARKET: Downtown Brooklyn ASSET TYPE: Office/Dev. Site BUYER: Lonicera Partners - John Evans, Jamie Anthony, Demetrios Yatrakis SELLER: Aview Equities - Abraham Leifer SALE PRICE: $12,750,000 LAST SALE PRICE: $14,800,000 (10/2018)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$679,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$45,298.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,441.50
Annual Debt Service$725,298.06