Abraham Leifer, head of Aview Equities, is under contract to purchase three low-rise buildings on Livingston Street in Downtown Brooklyn for more than $70M.
The properties include two adjacent three-story office buildings at 275-281 and 283 Livingston St. Also included is 291 Livingston, which is home to a two-story building. The acquisitions are thought to be part of Leifer’s attempt to assemble enough pieces for a 220k SF office and retail project, The Real Deal reports.
The deal would span three separate transactions and is expected to close in the next few months. Harry Blaustein owns 275-281 Livingston, which is expected to fetch $18.5M. The Lieberman Group owns 283 Livingston, which carries a price tag of $42M, while Red Apple Group owns 291 Livingston, which is under contract for $10M. Upon closing the deals, Leifer is expected to either develop them himself or possibly sell to a developer.
Things seem to happen in threes on Livingston Street in Downtown Brooklyn. Last year, BPC Management sold three adjacent buildings at 80, 86 and 90 Livingston to Kahen Properties for $23.2M. [TRD]
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