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:
- Property Type: Mixed-use
- Transaction Amount: $7,065,000
- Address: 156 Court Street, Cobble Hill, Brooklyn
- Square Footage: 7,675
- Seller's Representative: Benjamin Vago, Sean R. Kelly & Stephen A. Vorvolakos - Ariel Property Advisors
- Buyer's Representative: David Marciano & Ali Rossland - Westbridge Realty Group
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
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