News:
Brokerage
Posted: August 10, 2026
IPRG sells 4,074 s/f mixed-use 219 Court St. for $3.915 million
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 219 Court St., a mixed-use building located in the Cobble Hill section of the city, for $3.915 million to Sollevare Group.
The transaction was negotiated by Derek Bestreich, Luke Sproviero, Adam Lobel and Toby Waring, who represented the seller and the buyer.
The 4,074 s/f property had been owned by the same family since the 1960s. After an unsuccessful attempt with another brokerage, the seller exclusively hired IPRG to sell the asset. Despite challenges – including a vacate order, stop work order, structural concerns resulting from improper construction, and outstanding property tax obligations, IPRG generated multiple offers and negotiated an as-is transaction. The property closed at $961 per s/f.
MORE FROM Brokerage
Investment Property Realty Group closes $1.75 million sale of 1094 Hancock Street in Brooklyn
Brooklyn, NY Investment Property Realty Group (IPRG), a New York-based commercial investment firm, has closed the sale of 1094 Hancock St., a mixed-use building in the Bushwick section, for $1.75 million.
Quick Hits
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
.gif)