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491 Court Street

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

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

491 Court Street

$2,100,000

$797/SF

Building Size

2,633 SF

Asset Type

MultiFamily

Closing

Feb 11, 2026

AI

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

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93