Back to all insights IPRG ANNOUNCES $3,915,000 SALE OF 219 COURT STREET IN COBBLE HILL, BROOKLYN
NEW YORK, N.Y. – July 16, 2026 – Investment Property Realty Group (IPRG), a leading New York-based commercial investment firm, has successfully closed the sale of 219 Court Street, a mixed-use building located in the Cobble Hill section of Brooklyn, for $3,915,000 to Sollevare Group.
The transaction was negotiated by Derek Bestreich, Luke Sproviero, Adam Lobel and Toby Waring, who represented both the seller and the buyer.
The approximately 4,074-square-foot 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 significant challenges – including a vacate order, stop work order, structural concerns resulting from improper construction, and substantial outstanding property tax obligations, IPRG generated multiple competitive offers and successfully negotiated an as-is transaction. The property closed at $961 per square foot.
Founded in 2016, IPRG (Investment Property Realty Group) is a broker-owned commercial real estate brokerage specializing in investment sales, retail leasing, and property management across New York City and New Jersey. The firm focuses on the sale of multifamily properties, mixed use buildings, development sites, retail assets, and other commercial investment properties. Since its founding, IPRG has completed more than $4 billion in commercial real estate transactions, making it one of the most active investment sales firms in the New York metropolitan area. Through its market expertise, data driven approach, and collaborative platform, IPRG helps investors, developers, property owners, and institutions maximize the value of their commercial real estate assets. For more information, visit www.iprg.com.