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141 Livingston Street, Broo...

CitiBank Provides $100M Loan For Clipper Equity's 216,000 SF Office Building In Brooklyn
FINANCEDOffice

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

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

Christopher Herron

Iron Hound Management Company

Broker

$545.8M

vol

7 deals

Broker
Citibank
CitibankLender
David Bistricer

David Bistricer

Clipper Equity

Landlord

$2.8B

vol

23 deals

Landlord

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