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
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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