323 Court Street

Owner: Safdie Realty Group

Acquired: February 06, 2023, $8.1 million

Debt: July 15, 2024, $9 million

Built: 1931

Renovated: 2023

SF: 6,810

Dwelling units: 5

No. of buildings: 1

Class: Primarily One to Six Families with Stores or Offices (S9)

Floors: 3

HPD Ownership Registration Information

Last registered: 2025-09-10 (expires 2026-09-01)

Transactions:

• Safdie Realty Group borrowed $9 million from Morgan Stanley for 323 Court Street and 321 Court Street, Carroll Gardens, Brooklyn on July 15, 2024.

• JSAF Management borrowed $7.2 million from Colorado Federal Savings Bank for 323 Court Street and 321 Court Street, Carroll Gardens, Brooklyn on February 06, 2023.

• Madison Realty Capital sold 323 Court Street and 321 Court Street, Carroll Gardens, Brooklyn for $8.1 million to JSAF Capital on February 06, 2023.

Development:

• Joseph Safdie filed plans for alteration in Carroll Gardens, Brooklyn, on January 24, 2024.

• Joseph Safdie filed plans for alteration in Carroll Gardens, Brooklyn, on January 19, 2024.

• Joseph Safdie filed plans for alteration in Carroll Gardens, Brooklyn, on November 14, 2023.

• Joseph Safdie filed plans for alteration in Carroll Gardens, Brooklyn, on November 09, 2023.

• Joseph Safdie filed plans for major alteration for 7,439 sqft in Carroll Gardens, Brooklyn, on September 15, 2023.

Litigation:

• Madison Realty Capital filed a $8.6 million lawsuit 654739/2022 against Joseph Safdie on December 09, 2022,seeking a money judgment related to contractat 323 Court Street.

Violations:

According to city public data, the properties have received one DOB violation and $380 in OATH penalties in the last year.

Latest Stories:

• JSAF Capital pays $8.1M to Madison Realty for rentals in Carroll Gardens (February 07, 2023)

• Courts roundup: Croman v. Besen, Madison Realty contract suit, investors sue Strulovitch (December 12, 2022)