Sollevare Group And Hudson Ventures Acquire Mixed-Use Property In Brooklyn For $2.4M
319 Court Street
$2,400,000
$754/SF
Building Size
3,180 SF
Asset Type
Mixed-use
Closing
Jan 23, 2025
AI
The asset involved in the transaction is a mixed-use property located at 319 Court Street in Brooklyn. The sale price was $2,400,000, and the property has a total square footage of 3,180, resulting in a price per square foot of $754.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,400,000
- Address: 319 Court Street
- Market: Brooklyn
- Square Footage: 3,180
- Price Per Square Foot: $754
- Buyer: Sollevare Group & Hudson Ventures
- Seller: Grossberg Family
- Brokers: Marcel Fridman & Andre V DiPasquale - Barcel Group
In this transaction, Hudson Ventures and Sollevare Group are actively seeking similar mixed-use and multifamily inventory throughout Brooklyn and Manhattan. Interested parties can reach out to Seth Ahdoot at [email protected] with similar inventory opportunities.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93