Dalan Real Estate Purchases Mixed-use Property At 374-376 Court Street For $7.47M
374-376 Court Street, Brooklyn, Ny, 11231
$7,470,000
$1,009/SF
Building Size
7,400 SF
Asset Type
Mixed-use
Closing
Aug 6, 2026
About this deal
AI
This mixed-use property, located at 374-376 Court Street in the Carroll Gardens market, was sold for $7,470,000. The asset encompasses 7,400 square feet, resulting in a price per square foot of approximately $1,009.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,470,000
- Address: 374-376 Court Street
- Market: Carroll Gardens
- Square Footage: 7,400
- Price per Square Foot: $1,009
- Buyer: Dalan Real Estate
- Seller: RYCO Capital
- Brokers: Caroline Hodes, Daniel O'Brien, Henry Hill & Loren Valla - Newmark
The transaction involved Dalan Real Estate as the buyer and RYCO Capital as the seller. The brokers facilitating the deal were Caroline Hodes, Daniel O'Brien, Henry Hill, and Loren Valla from Newmark, representing the buyer and seller in this transaction.
On the Map
$7,470,000
$1,009/SF
Mixed-use
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Players
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
2.12%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93