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
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