Sean Lefkovits, Lance Lefkovits, And David Lloyd Sell Package Deal In Brooklyn For $14.7M
181 Court Street & 131 Smith Street
$14,700,000
$1,314/SF
Building Size
11,180 SF
Asset Type
Package Deal
Closing
Dec 29, 2025
AI
A package deal involving two properties located at 181 Court Street and 131 Smith Street in Brooklyn has been finalized. The total sale price for these assets amounted to $14,700,000, encompassing a total square footage of 11,180. This transaction reflects a price per square foot of $1,315. The properties sold at a cap rate of 5.25%.
Summary of transation details:
- Property Type: Package Deal
- Transaction Amount: $14,700,000
- Square Footage: 11,180
- Price per Square Foot: $1,315
- Seller: Sean Lefkovits, Lance Lefkovits, David Lloyd
- Broker: Marcel Fridman - Barcel Group
- Market: Brooklyn
- Cap Rate: 5.25%
The brokers involved in this transaction include Marcel Fridman from Barcel Group, who represented the sellers, Sean Lefkovits, Lance Lefkovits, and David Lloyd, facilitating the deal for the package assets.
Players
Brooklyn Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93