Helen Keller Services Acquires Office Condos In Brooklyn Heights For $5.5M
180 Livingston Street, Brooklyn Heights, Brooklyn, NY, USA
$5,496,341
$22/SF
Building Size
246,162 SF
Asset Type
Mixed-use
Closing
Jun 7, 2020
About this deal
AI
The office condos located at 180 Livingston Street in Brooklyn Heights have been sold in a recent transaction. The property, owned by Thor Equities, was purchased by Helen Keller Services. The sale price for the office condos was $5,496,341. Morris Missry from Wachtel Missry LLP represented the seller as their counsel in the deal.
Summary of transaction details
- Property Type: Office Condos
- Transaction Amount: $5,496,341
- Address: 180 Livingston Street, Brooklyn Heights
Helen Keller Services acquired the office condos from Thor Equities in this transaction. Morris Missry, representing the seller, played a vital role as their counsel.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
About $22 per square foot on a published $5.5M for 246,162 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.89%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93