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Jamie Anthony Acquires Retail Property On Livingston Street In Downtown Brooklyn For $12M

Property Image
SOLD
$12,000,000

New York

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Retail5,100 SF
Sold 10/29/2021
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Property Image
SOLD

Jamie Anthony Acquires Retail Property On Livingston Street In Downtown Brooklyn For $12M

287 Livingston Street, Downtown Brooklyn, Brooklyn, NY, USA

See Similar Deals
Retail5,100 SF
Sold 10/29/2021
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,352
Total Square Footage:5,100 SF
Transaction Type:Sale

The retail property located at 287 Livingston Street in Downtown Brooklyn, with a zoning designation of C6-4, DB, has been sold for a price of $12,000,000. The property features a building square footage (BSF) of 25,000, resulting in a price per BSF (PPBSF) of $480. The total square footage (SF) of the property is 5,100, with a price per square foot (PPSF) of $2,353. The property has a floor area ratio (FAR) of 2.04 and is classified under tax class 4. The lot size is 2,500, with dimensions of 20 ft x 125 ft. The previous sale of the property was recorded on December 29, 2015, for a price of $0.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $12,000,000
  • Market: Downtown Brooklyn,3
  • Zoning: C6-4, DB
  • BSF: 25,000
  • PPBSF: $480
  • SF: 5,100
  • PPSF: $2,353
  • FAR: 2.04
  • Tax Class: 4
  • Lot Size: 2,500
  • Last Sale Price: $0 (12/29/2015)
  • Lot Dimension: 20 ft x 125 ft

The buyer of the property is Jamie Anthony, while the sellers are Matthew Mirones and Steven Mirones.

Players

7 deals$127.3M volume
BUYER

Details

SOLD
IMAGE: 10/29/2021 ADDRESS: 287 Livingston Street MARKET: Downtown Brooklyn,3 ASSET TYPE: Retail ~ ZONING: C6-4, DB BUYER: Jamie Anthony SELLER: Matthew Mirones & Steven Mirones PRICE: $12,000,000 BSF: 25,000 ~ PPBSF: $480 SF: 5,100 ~ PPSF: $2,353 FAR: 2.04 TAX CLASS: 4 LOT SIZE: 2,500 LAST SALE PRICE: $0 (12/29/2015) LOT DIMENSION: 20 ft x 125 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
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