Shel Capital Acquires Mixed-Use Property In Cobble Hill, Brooklyn For $8M

The mixed-use property located at 162 & 164 Court Street in Cobble Hill, Brooklyn has been sold for $8,000,000. The transaction took place on May 24, 2018. The property spans an area of 9,000 square feet and has a price per square foot of $888. It consists of 7 units and is situated in a desirable location in New York City.

Summary of transaction details

• Property Type: Mixed Use
• Transaction Amount: $8,000,000
• Address: 162 & 164 Court Street, New York
• Market: Cobble Hill, Brooklyn
• Seller: James Khoury
• Buyer: Shel Capital - Jonathan Bakash, Rony Kravel, and Austen Rabbie
• Brokers: Marcus and Millichap - Jesse Kay, Jakub Nowak, and Matthew Rosenzweig @nowak_and_partners

The sale of the property was facilitated by the brokerage firm Marcus and Millichap, with Jesse Kay, Jakub Nowak, and Matthew Rosenzweig representing the sellers. The buyers, Shel Capital, were represented by their team members Jonathan Bakash, Rony Kravel, and Austen Rabbie. This transaction showcases the successful collaboration between the parties involved in the deal.