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154 Court Street

109Co Acquires Mixed-use Property At 154 Court Street In Cobble Hill For $5.33M
SOLDMixed-use

109Co Acquires Mixed-use Property At 154 Court Street In Cobble Hill For $5.33M

154 Court Street

$5,330,000

$1,454/SF

Building Size

3,665 SF

Asset Type

Mixed-use

Closing

Apr 5, 2026

AI

The mixed-use asset located at 154 Court Street in the Cobble Hill market was sold for $5,330,000. The property spans 3,665 square feet, resulting in a price per square foot of $1,454.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,330,000
  • Address: 154 Court Street
  • Market: Cobble Hill
  • Square Footage: 3,665
  • Price Per Square Foot: $1,454
  • Buyer: 109Co
  • Seller: JCI Realty - Matthew Axelrod

The transaction was facilitated by brokers Daniel O'Brien, Loren Valla, Caroline Hodes, and Henry Hill from Newmark, representing the interests of the involved parties.

Players

Caroline Hodes

Newmark

Broker

$1.8B

vol

94 deals

Broker
Bastien Broda

Bastien Broda

109Co

Buyer

$264.7M

vol

11 deals

Buyer
109Co
109CoBuyer

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.98%

Cash-on-Cash

-0.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93