facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Sale

/

287 Livingston Street, Down...

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

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

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

$12,000,000

$2,352/SF

Building Size

5,100 SF

Asset Type

Retail

Closing

Oct 28, 2021

AI

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

Jamie Anthony

Lonicera Partners

Buyer

$127.3M

vol

7 deals

Buyer

Matthew Mirones

Seller

$18.4M

vol

3 deals

Seller

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93