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100 Livingston St, Brooklyn...

EcoRise Development Acquires Property At 100 Livingston St Brooklyn For $10.5M With Seller's Rep David Khukhashvilli
SOLDOffice

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:

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

David Khukhashvili

Ariel Property Advisors

Broker

$65.1M

vol

10 deals

Broker
ED
EcoRise DevelopmentBuyer

Brooklyn Office Market Snapshot

Boundary boundary · Office · Sale transactions

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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