Saied Shamash Acquires Multi Use Property In Downtown Brooklyn For $5M
295 Livingston Street, Brooklyn, New York 11217, United States
$5,000,000
$975/SF
Building Size
5,126 SF
Asset Type
Mixed-use
Closing
Dec 14, 2021
About this deal
AI
The property located at 295 Livingston Street in Downtown Brooklyn, Brooklyn has been sold. It is a multi-use property with a zoning designation of C6-4, DB. The sale took place on December 15, 2021.
Summary of transaction details
- Property Type: Multi Use
- Transaction Amount: $5,000,000
- Market: Downtown Brooklyn, Brooklyn
- Buyer: Saied Shamash
- Seller: Amrik S Hira
The property has a building square footage (BSF) of 25,630, resulting in a price per BSF (PPBSF) of $195. The total square footage of the property is 5,126, with a price per square foot (PPSF) of $975. The property's floor area ratio (FAR) is 2.00, and it falls under tax class 1.
The lot size is 2,563 square feet, with dimensions of 20.5 feet by 125 feet. The previous sale of the property occurred on March 17, 2014, for a price of $650,000.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93