Updated Oct 28, 2024
Goose Property Management Acquires Development Site In Brooklyn For $25.5M
360 Livingston Street
$25,500,000
Building Size
—
Asset Type
Development Site
Closing
Aug 25, 2022
About this deal
AI
A development site located at 360 Livingston St. in Brooklyn has been sold in a transaction facilitated by JLL. The property, with a sale price of $25,500,000, is a development site with a buildable square footage (BSF) of 188,000. The price per buildable square footage (PPBSF) is $135.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $25,500,000
- Buildable Square Footage (BSF): 188,000
- Price per Buildable Square Footage (PPBSF): $135
The buyer of the property is Goose Property Management. JLL represented the buyer in the transaction, with Stephen Palmese, Ethan Stanton, Brendan Maddigan, Michael Mazzara, Winfield Clifford, and Patrick Madigan from JLL serving as the brokers.
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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93