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230 Livingston Street

Dermot Company Leases Retail Space To Oak Berry At 230 Livingston Street In Downtown Brooklyn
LEASEDRetail

Dermot Company Leases Retail Space To Oak Berry At 230 Livingston Street In Downtown Brooklyn

230 Livingston Street

$90

$90/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

Nov 1, 2024

AI

The retail asset located at 230 Livingston Street in Downtown Brooklyn has a square footage of 1,100. The landlord for this property is Dermot Company, while Oak Berry has secured the tenancy. The asking rent for this retail lease is set at $90 per square foot.

Summary of transaction details:

The transaction was facilitated by brokers Marc Sitt, Solomon Sharaby, Dorel Melloul, and Selim Sabbagh representing the landlord and tenant throughout the leasing process, ensuring that all aspects of the deal were handled efficiently.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93