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
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