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673 Livonia Avenue, Brookly...

Hebrew Home For The Living Acquires Industrial Property In East New York For $2.4M
SOLDIndustrial

Hebrew Home For The Living Acquires Industrial Property In East New York For $2.4M

673 Livonia Avenue, Brooklyn, NY 11207

$2,415,000

$291/SF

Building Size

8,300 SF

Asset Type

Industrial

Closing

Sep 27, 2021

AI

The industrial property located at 673 Livonia Avenue in East New York has been sold for $2,415,000. The property spans 8,300 square feet, resulting in a price per square foot of $290. The lot size measures 100 feet by 100 feet. The transaction took place on September 27, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Address: 673 Livonia Avenue
  • Market: East New York
  • Zoning: R6, C2-3
  • Sale Price: $2,415,000
  • Square Footage: 8,300
  • Price per Square Foot: $290
  • Lot Size: 100 ft x 100 ft
  • Date: 09/27/2021

The buyer of the property is Hebrew Home For The Living, represented by Jim Norton. The seller is Jon Lacdao. The deal was facilitated by a team of brokers consisting of Dan O'Brien, Casey Begoon, Will Diana, and Caroline Hodes from Cushman & Wakefield.

Players

Caroline Hodes

Newmark

Broker

$1.8B

vol

94 deals

Broker
Artemis Realty Advisors
Artemis Realty AdvisorsBrokerage

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.57%

Cash-on-Cash

-1.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93