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219 Court Street

Sollevare Group Acquires Mixed-use Property At 219 Court Street In Cobble Hill For $3.915M
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:

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

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$627.2M

vol

146 deals

Broker
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