MetLife Provides $92M Loan For Office & Retail Property At 180 Livingston St In Brooklyn
180 Livingston St, Brooklyn, NY 11201, USA
$92,000,000
$344/SF
Building Size
267,226 SF
Asset Type
Office
Closing
Nov 18, 2019
About this deal
AI
180 Livingston St, located in Brooklyn, was recently involved in a closed property transaction. The property is a combination of office and retail spaces, totaling 267,226 square feet. The deal was completed on November 19, 2019, with a loan amount of $92,000,000 provided by MetLife. The landlord of the property is Thor Equities. Dave Karson, Alex Hernandez, Alex Lapidus, and Emily Johansen from CushWake represented the brokers involved in the transaction.
Summary of transaction details:
- Property Type: Office & Retail
- Transaction Amount: $92,000,000
- SF: 267,226
- Date: 11/19/2019
- Address: 180 Livingston St
- Market: Brooklyn
Joe Sitt, Dave Karson, Alex Lapidus, and Emily Johansen were the key individuals involved in the transaction. Joe Sitt is the landlord of the property, representing Thor Equities. Dave Karson, Alex Hernandez, Alex Lapidus, and Emily Johansen from CushWake acted as the brokers in the deal.
On the Map
$92,000,000
$344/SF
Office
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Players
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Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93