CitiBank Provides $100M Loan For Clipper Equity's 216,000 SF Office Building In Brooklyn
141 Livingston Street, Brooklyn, NY, USA
$100,000,000
$463/SF
Building Size
216,000 SF
Asset Type
Office
Closing
Feb 21, 2021
AI
141 Livingston Street, an office property located in Brooklyn, was involved in a recent closed transaction. The property spans a total area of 216,000 square feet. The deal took place on February 22, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $100,000,000
- Market: Brooklyn
- Lender: citibank''>CitiBank
- Landlord: Clipper Equity - David Bistricer
- Broker: Ironhound Management - Christopher Herron
The lender for this transaction was CitiBank. Clipper Equity, led by David Bistricer, served as the landlord for the property. Ironhound Management, represented by Christopher Herron, acted as the broker in this deal.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93