Lonicera Partners pays $12.8M to Aview Equities for office building in D’town Brooklyn

Lonicera Partners through the entity Hanover Tower Owner LLC paid $12.8 million to Aview Equities through the entity Aveq 275 Livingston LLC for the office building (O5) at 275 Livingston Street in Downtown Brooklyn.
The deal closed on July 20, 2021 and was recorded on July 27, 2021.
The property has 12,070 square feet of built space and 31,682 square feet of additional air rights for a total buildable of 43,760 square feet according to PincusCo analysis of city data. The sale price per built square foot is $1,056 and the price per buildable square foot is $291 per the PincusCo analysis.
The owner bought the property on 17-Oct-18, for $14.8 million.
The signatory for Aview Equities was Abraham Leifer. The signatory for Lonicera Partners was Jamie Anthony.
(321597018) Plans for a 43-unit, 51,702 square-foot R-2 were filed on August 27, 2019.
Abraham Leifer is founder and CEO of Aview Equities.
Within a 400-foot radius of 275 Livingston Street, PincusCo identified five commercial real estate items of interests occurred over the past 24 months.
Of those five items, two were in new building development. There were two new building permits. The most recent of these two items was a permit on February 10, 2020 for a 115,881-square-foot R-2 building with 160 residential units at 308 Livingston Street.
One of those five items was a sale which iStar bought an interest in the 165,534-square-foot hotel (H2) on 61 Bond Street for $45 million from GFI Capital Resources Group on February 10, 2021.
Of those five items, two were loans above $5 million totaling $65.8 million. The most recent of the two was GFI Capital Resources Group which borrowed $35.8 million from iStar secured by the 165,534-square-foot, one-unit hotel (H2) on 61 Bond Street on February 10, 2021.

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