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285 Livingston Street, Down...

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

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

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

$4,300,000

$452/SF

Building Size

9,500 SF

Asset Type

Mixed-use

Closing

Oct 28, 2021

AI

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

Jamie Anthony

Lonicera Partners

Buyer

$127.3M

vol

7 deals

Buyer

Matthew Mirones

Seller

$18.4M

vol

3 deals

Seller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93