Norris and Cosentino of TerraCRG sell 7,200 s/f 390 Court St. for $6.1 million

Brooklyn, NY TerraCRG represented the sale of 390 Court St., a 7,200 s/f corner building located across from Carroll Park, for $6.1 million, or $847 per s/f.

The mixed-use property features ground-floor retail occupied by Chase Bank, a long-term tenant paying strong in-place rent and covering a portion of the tax bill. The upper floors were previously occupied by ballet school Cobble Hill Ballet. The sellers were a long-time, multi-generational family who had owned the building for more than 50 years.

The transaction was brokered by TerraCRG senior associate Rémi Norris and Matt Cosentino, partner, sales and executive vice president, who advised the sellers throughout the marketing and disposition process and navigated several complexities to bring the transaction to a close.

“390 Court St. is a truly special asset given its irreplaceable corner location directly across from Carroll Park and the strength of its in-place retail tenancy,” said Norris. “We are thrilled to have been able to structure a successful outcome that aligned with both the sellers’ long-term goals and the buyer’s value-add vision.”