NEW YORK, NY – September 3, 2019 – Ariel Property Advisors has been exclusively retained to sell 100 Livingston Street, a fully leased elevatored office building located at the center of Downtown Brooklyn’s municipal district. The asking price for the 4-story fully occupied building is $12 million.

The 50’ wide property is situated on the south side of Livingston Street between Court Street and Boerum Place, which is at the intersection of Downtown Brooklyn and Brooklyn Heights. The building consists of five office units, all of which have long-term, in-place leases with annual escalations of about 3%. Additionally, operations and management costs are mitigated by substantial tenant reimbursements.

Exclusive agents Sean R. Kelly, Esq., David Khukhashvili and Jiani Zhou are representing the seller.

“This property presents prospective investors with an opportunity to acquire a well-situated office building with high-quality, in-place tenancy and strong cash flow on the border of Brooklyn Heights and Downtown Brooklyn,” said Kelly, a Senior Director at Ariel Property Advisors. “The fact that it is mostly occupied medical tenants makes it especially attractive as the medical industry continues to expand.”

“Additionally, the asset is virtually management free,“ he said.

The location is unparalleled as it is around the corner from Borough Hall.

There are 13 subway lines (A, B, C, D, F, G, N, Q, R, 2, 3, 4, and 5) and the LIRR at Atlantic Terminal just a few minutes away from the building.