Lonicera Partners buys Palatine Capital stake in Cobble Hill venture valued at $5.55M

Lonicera Partners through its Datana, LLC acquired a 70 percent interest from Palatine Capital Partners through the entity Pal Court Street, LLC valued at $5.55 million in the two-story store or office (K2) at 178 Court Street in Cobble Hill. The deal closed on July 31, 2020 and was recorded on August 17, 2020.
The property contains a total of 8,637 square feet of built space.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on August 1, 2017.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $83,000.There has been one new building permit application totaling 5,500 square feet.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link