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Sollevare Group And Hudson Ventures Acquire Mixed-Use Property In Brooklyn For $2.4M

Property Image
SOLD
$2,400,000
Marcel Fridman
Andre DiPasquale

New York

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Mixed-use3,180 SF
Sold 01/23/2025
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Property Image
SOLD

Sollevare Group And Hudson Ventures Acquire Mixed-Use Property In Brooklyn For $2.4M

319 Court Street

See Similar Deals
Mixed-use3,180 SF
Sold 01/23/2025
Marcel Fridman
Andre DiPasquale
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$754
Total Square Footage:3,180 SF
Transaction Type:Sale

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

Marcel Fridman
Barcel Group
Marcel Fridman
141 deals$451.5M volume
BROKER
Andre DiPasquale
Barcel Group
Andre DiPasquale
4 deals$9.5M volume
BROKER

Details

SOLD
IMAGE: Marcel Fridman & Andre V DiPasquale DATE: 01/23/2025 ADDRESS: 319 Court Street MARKET: Brooklyn ASSET TYPE: Mixed-use BUYER: Sollevare Group & Hudson Ventures SELLER: Grossberg Family BROKERS: Marcel Fridman (@Mf_1629) & Andre V DiPasquale - Barcel Group (@BarcelGroups) SALE PRICE: $2,400,000 SF: 3,180 ~ PPSF: $754 NOTE FROM BROKER: Hudson Ventures and Sollevare Group are looking for Similar Mixed-Use/Multifamily inventory throughout Brooklyn and Manhattan please email Seth Ahdoot [email protected] with similar inventory

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69