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181 Court Street

Sean Lefkovits, Lance Lefkovits, And David Lloyd Sell Package Deal In Brooklyn For $14.7M
SOLDPackage Deal

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

Marcel Fridman

Barcel Group

Broker

$451.5M

vol

141 deals

Broker
Barcel Group
Barcel GroupBrokerage
Lance Lefkovits

Lance Lefkovits

Seller

$176.4M

vol

19 deals

Seller

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