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Bracy And Stelz Family Sell MultiFamily Asset At 491 Court Street For $2.1M

Property Image
SOLD
$2,100,000
Luke Sproviero
Adam Lobel
+ 2

New York

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MultiFamily2,633 SF
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Property Image
SOLD

Bracy And Stelz Family Sell MultiFamily Asset At 491 Court Street For $2.1M

491 Court Street

See Similar Deals
MultiFamily2,633 SF
Sold
Luke Sproviero
Adam Lobel
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$797
Total Square Footage:2633 SF
Transaction Type:Sale

The asset is a multi-family property located at 491 Court Street in Carroll Gardens, Brooklyn. The sale closed at a price of $2,100,000, comprising three units with a total square footage of 2,633, resulting in a price per unit of $700,000 and a price per square foot of $797.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,100,000
  • Units: 3
  • Square Footage: 2,633
  • Price Per Unit: $700,000
  • Price Per Square Foot: $797
  • Seller: Bracy and Stelz Family
  • Broker Representatives: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Samantha Katz - Investment Property Realty Group (IPRG)

The deal was facilitated by a team of broker representatives from Investment Property Realty Group, including Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Samantha Katz, representing the seller, Bracy and Stelz Family.

Players

Adam Lobel
136 deals$580.9M volume(718) 360-8815
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$824.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
88 deals$346.5M volume
BROKER

Samantha Katz
Investment Property Realty Group (IPRG)
17 deals$91.5M volume(718) 360-4834
BROKER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero, Adam Lobel & Toby Waring DATE: 2/11/2026 ADDRESS: 491 Court Street MARKET: Carroll Gardens, Brooklyn ASSET TYPE: MultiFamily SELLER: Bracy and Stelz Family BROKERS: Derek Bestreich (@DerekBestreich), Luke Sproviero (@LukeSproviero), Adam Lobel (@AdamLobelRealEstate), Toby Waring (@BklynBricks) & Samantha Katz (@Skatz.NYC) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $2,100,000 UNITS: 3 ~ PPU: $700,000 SF: 2,633 ~ PPSF: $797 ,Brooklyn

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

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86