SOLDMixed-use
Sollevare Group Acquires Mixed-use Property At 219 Court Street In Cobble Hill For $3.915M
219 Court Street
$3,915,000
$960/SF
Building Size
4,075 SF
Asset Type
Mixed-use
Closing
Jul 16, 2026
AI
The property asset involved in this transaction is a mixed-use building located at 219 Court Street in Cobble Hill, Brooklyn. The sale was finalized for a price of $3,915,000. This building comprises 1 commercial unit and 2 residential units, totaling 4,075 square feet with a price per square foot of $960. The property was sold with a vacate and stop work order in place.
Summary of transaction details:
- Property Type: Mixed-use (1 Commercial & 2 Residential)
- Transaction Amount: $3,915,000
- Units: 3
- Price Per Unit: $1,305,000
- Square Feet: 4,075
- Price Per Square Foot: $960
- Buyer: Sollevare Group
- Broker Representatives: Derek Bestreich, Luke Sproviero, Adam Lobel & Toby Waring - Investment Property Realty Group
The deal was handled by a team of brokers from Investment Property Realty Group, consisting of Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring, who played pivotal roles in the transaction for the buyer, Sollevare Group.
Players
SG
Sollevare GroupBuyer
Brooklyn 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
4.05%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93