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156 Court Street, Brooklyn,...

Westbridge Realty Group Acquires Mixed-Use Property In Cobble Hill, Brooklyn For $7.065M
SOLDMixed-use

Westbridge Realty Group Acquires Mixed-Use Property In Cobble Hill, Brooklyn For $7.065M

156 Court Street, Brooklyn, New York 11201, United States

$7,065,000

$920/SF

Building Size

7,675 SF

Asset Type

Mixed-use

Closing

Mar 6, 2022

AI

The mixed-use property located at 156 Court Street in Cobble Hill, Brooklyn was recently sold in a transaction on March 7, 2022. The property, spanning 7,675 square feet, was sold for a total price of $7,065,000, resulting in a price per square foot of $920.

Summary of transaction details:

The sale of this mixed-use property was facilitated by Benjamin Vago, Sean R. Kelly, and Stephen A. Vorvolakos from Ariel Property Advisors, representing the seller. On the buyer's side, David Marciano and Ali Rossland from Westbridge Realty Group were the representatives. This transaction highlights the involvement of these key individuals and companies in the deal.

Players

David Marciano

Alpha Realty

Broker

$67.1M

vol

9 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.25%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93