EcoRise Development Acquires Property At 100 Livingston St Brooklyn For $10.5M With Seller's Rep David Khukhashvilli
100 Livingston St, Brooklyn, NY, 11201
$10,500,000
$828/SF
Building Size
12,681 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property asset involved in the transaction is an office building located at 100 Livingston Street, Brooklyn, NY 11201. The sale price was $10,500,000.00 for a total square footage of 12,681. The property consists of five office units, three of which are leased by medical tenants, and is positioned with convenient access to the Court Street commercial corridor and Barclays Center.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $10,500,000.00
- Square Footage: 12,681
- Address: 100 Livingston St, Brooklyn, NY, 11201
- Market: Brooklyn
- Seller's Representative: Sean Kelly, David Khukhashvili, and Jiani Zhou - Ariel Property Advisors
- Buyer: EcoRise Development
The key individuals involved in this deal include the seller's representatives from Ariel Property Advisors, who played a critical role in the transaction. Sean Kelly, David Khukhashvili, and Jiani Zhou represented the seller, ACHS Management, and were instrumental in procuring EcoRise Development as the buyer.
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93