Small Brick Building on Court Street in Cobble Hill Sells for $6.25 Million

A three-story brick building at the corner of Court and Pacific Streets in Cobble Hill sold to investors for $6,250,000 two weeks ago, according to public records. Clerestory Properties and Sivan Properties bought the 4,000-square-foot building at 142 Court Street. The sale price seems high for a storefront with two apartments, especially since the property last changed hands two years ago for $1,200,000.

The 20-by-55-square foot building sits on a 100-foot-deep lot, according to PropertyShark; a certificate of occupancy from the 1970s says the property includes an adjoining garage in the rear. The FAR is nothing to get excited about, with a total of 374 buildable square feet on top of what is already there.

Retail rents have been rising rapidly in the area. Los Angeles-based tshirt and clothing chain Splendid opened in the space two years ago. Before that, the storefront housed Belanthi, an art gallery and performance space that offered music classes.

The building was recently altered inside and the exterior spruced up, but have been no new filings since that job was signed off on in January. We wonder what’s in store for the building. GMAP

Photo by Nicholas Strini for PropertyShark