Court Square Real Estate Partners Acquires Mixed-Use Property In Brooklyn For $5.5M

Court Square Real Estate Partners, represented by Alex Schwartz, has acquired 126-130 Union Street in Brooklyn's Columbia Waterfront District. The three-building mixed-use property was sold by Camello Sacco for a total price of $5,525,000. The property consists of 11 units, with a price per unit of $502,272. It spans a total of 12,055 square feet, resulting in a price per square foot of $458.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $5,525,000
• Address: 126-130 Union Street, Brooklyn
• Market: Columbia Waterfront District

The buyer, Court Square Real Estate Partners, is a privately held development, construction, and investment firm actively seeking off-market opportunities. They were represented by Alex Schwartz. The seller, Camello Sacco, facilitated the transaction with the assistance of Nathan Horne and David Gomez Pearlberg from Compass. Horne and Gomez Pearlberg leveraged their knowledge of off-market commercial real estate investments and their network of vetted buyers to bring multiple offers before closing the deal with Court Square. For other off-market opportunities, interested parties can contact Nathan Horne at [email protected] or David Gomez Pearlberg at [email protected].

It's worth noting that Court Square Real Estate Partners is looking for a range of opportunities, including developing sites ranging from 25,000 to 200,000 buildable square feet, both for affordable and for-profit projects, as well as value-add opportunities like the acquisition of 126-130 Union Street.