Updated Oct 28, 2024
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
About this deal
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.
On the Map
$2,415,000
$291/SF
Industrial
View full map
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
About $291 per square foot on a published $2.4M for 8,300 square feet (2021).
Visit Casey Begoon to view all their deals.
Browse New York industrial sales on Traded.
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