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319 Court Street

Updated Apr 30, 2026

Sollevare Group Secures $2,300,000 Refinance Loan From Modern Bank For 319 Court Street
FINANCEDMixed-use

Sollevare Group Secures $2,300,000 Refinance Loan From Modern Bank For 319 Court Street

319 Court Street

$2,300,000

$676/SF

Building Size

3,400 SF

Asset Type

Mixed-use

Closing

Mar 30, 2026

About this deal

AI

The property asset involved in this transaction is a mixed-use building located at 319 Court Street in Brooklyn. The asset encompasses a total of 3,400 square feet and consists of four units, which include two commercial spaces and two residential units. The loan amount for this transaction is $2,300,000, and it is classified as a refinance. The landlord of the property is Sollevare Group, who originally purchased the asset for $2,400,000 on January 23, 2025.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,300,000
  • Lender: Modern Bank
  • Landlord: Sollevare Group
  • Broker: Max Ralby - Newmark
  • Loan Type: Refinance
  • Units: 4 (2 Commercial & 2 Residential)
  • Market: Brooklyn
  • Cash out refinance

This transaction highlights the involvement of Max Ralby from Newmark, who represents Sollevare Group in securing the refinancing deal. This process allows Sollevare Group to leverage the property's equity established through their previous purchase.

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$2,300,000

$676/SF

Mixed-use

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Players

Max Ralby

Newmark

Broker

$4.2B

vol

81 deals

Broker
Modern Bank
Modern BankLender
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Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $676 per square foot on a published $2.3M for 3,400 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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