Updated Dec 4, 2024
Devoción Signs Lease With TF Cornerstone At 300 Livingston St Brooklyn For $125 Per SF
300 Livingston St, New York, NY, 11217
$125
$125/SF
Building Size
1,722 SF
Asset Type
MultiFamily
Closing
Jun 15, 2017
About this deal
AI
The lease transaction involves a property located at 300 Livingston St, New York, NY, in the Brooklyn market. The tenant, Devoción, is leasing 1,722 square feet of space at a rate of $125 per square foot. The landlord of the property is TF Cornerstone.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $215,250
- Address: 300 Livingston St, New York, NY, 11217
- Market: Brooklyn
- Tenant: Devoción
- Landlord: TF Cornerstone
- Rent/SF: $125
- Square Feet: 1,722
- Tenant's Representative: Jordan Covell (Covell Consulting Group)
The transaction features key individuals including the tenant’s representative, Jordan Covell, from Covell Consulting Group, who facilitated the lease on behalf of Devoción. TF Cornerstone represented the landlord in this agreement, advancing their portfolio in the Brooklyn area.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93