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275 Livingston Street, Broo...

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

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

275 Livingston Street, Brooklyn, NY, USA

$12,750,000

$1,053/SF

Building Size

12,100 SF

Asset Type

Development Site

Closing

Jul 20, 2020

AI

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

Broker

$162.1M

vol

6 deals

Broker
Jamie Anthony

Jamie Anthony

Lonicera Partners

Buyer

$127.3M

vol

7 deals

Buyer
LP
Lonicera PartnersBuyer
Abraham Leifer

Abraham Leifer

Aview Equities

Seller

$162.1M

vol

6 deals

Seller

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.24%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93