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Jamie Anthony Acquires Mixed-Use Property In Downtown Brooklyn For $4.3M

Property Image
SOLD
$4,300,000

New York

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Mixed-use9,500 SF
Sold 10/29/2021
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Property Image
SOLD

Jamie Anthony Acquires Mixed-Use Property In Downtown Brooklyn For $4.3M

285 Livingston Street, Downtown Brooklyn, Brooklyn, NY, USA

See Similar Deals
Mixed-use9,500 SF
Sold 10/29/2021
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$452
Total Square Footage:9,500 SF
Transaction Type:Sale

The mixed-use property located at 285 Livingston Street in Downtown Brooklyn, Brooklyn has been sold for a price of $4,300,000. The property spans 9,500 square feet with a price per square foot of $453. The building has a total square footage of 25,000, resulting in a price per buildable square foot of $172. The property is zoned as C6-4 and falls under the tax class 1. The lot size is 2,500 square feet with dimensions of 20 ft x 125 ft. The previous sale of the property took place on November 3, 2019, for a price of $0.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,300,000
  • Market: Downtown Brooklyn, Brooklyn
  • Zoning: C6-4, DB
  • Building Square Footage: 25,000
  • Price per Buildable Square Foot: $172
  • Land Square Footage: 9,500
  • Price per Square Foot: $453
  • Previous Sale Price: $0 (11/3/2019)
  • Lot Size: 2,500
  • Lot Dimension: 20 ft x 125 ft
  • Floor Area Ratio (FAR): 3.80
  • Tax Class: 1

The buyer of the property is Jamie Anthony, while the sellers are Steven Mirones and Matthew Mirones.

Players

7 deals$127.3M volume
BUYER

Details

SOLD
IMAGE: 10/29/2021 ADDRESS: 285 Livingston Street MARKET: Downtown Brooklyn, Brooklyn ASSET TYPE: Mixed-use ~ ZONING: C6-4, DB BUYER: Jamie Anthony SELLER: Steven Mirones & Matthew Mirones PRICE: $4,300,000 BSF: 25,000 ~ PPBSF: $172 SF: 9,500 ~ PPSF: $453 FAR: 3.80 TAX CLASS: 1 LOT SIZE: 2,500 LAST SALE PRICE: $0 (11/3/2019) LOT DIMENSION: 20 ft x 125 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
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