Cobb family pays $4.9M for 4-family in Carroll Gardens

The Cobb family through the entity Hohokam LLC paid $4.9 million for the four-unit building (C3) at 241 Union Street in Carroll Gardens, Brooklyn. The expected use is cash flowing.
The deal closed on July 29, 2025 and was recorded on August 19, 2025. The property has 3,449 square feet of built space and 1,146 square feet of additional air rights for a total buildable of 4,584 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,423 and the price per buildable square foot is $1,071 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Maria Trotta was Maria Trotta. The signatory for the Cobb family, represented by Kiara Cobb was an attorney, Ami Whelan . The contract date was April 11, 2025. The Cobb family owns real estate.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Kiara Cobb had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Maria Trotta had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Gian Trotta, head officer and Maria Trotta, officer.

The property

The 1-4 family building with 4 residential units in Carroll Gardens has 3,449 square feet of built space and 1,146 square feet of additional air rights for a total buildable of 4,584 square feet according to a PincusCo analysis of city data. The parcel has frontage of 22 feet and is 100 feet deep with a total lot size of 2,292 square feet. The lot is irregular. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.9 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $25 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of seven of the 19 commercial properties representing 37,432 square feet of the 100,388 square feet. The largest owner is James Daniels, followed by Mario Dischiavi and then Reyad Farraj.
There are no active new building construction projects on this tax block.

The majority, or 71 percent of the 100,388 square feet of built space are walkup buildings, with mixed-use buildings next occupying 29 percent of the space.

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