Goose Property Management Acquires Development Site In Brooklyn For $25.5M
SOLD
$25,500,000
+ 3
New York
See Similar DealsDevelopment Site
Sold 08/25/2022
SOLD
Goose Property Management Acquires Development Site In Brooklyn For $25.5M
360 Livingston Street
See Similar DealsDevelopment Site
Sold 08/25/2022
+ 3
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,360,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$90,596.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$120,883.01
Annual Debt Service$1,450,596.11
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