Sollevare Group pays $2.9M for mixed-use in Carroll Gardens

Sollevare Group through the entity 315 Court St. Propco LLC paid $2.9 million to Daniela Musarella-Kelley through the entity Daniela Musarella-Kelley, Suc. Trustee for the two-unit mixed-use building (S2) at 315 Court Street in Carroll Gardens, Brooklyn.
The deal closed on April 23, 2025 and was recorded on May 9, 2025. The property has 2,835 square feet of built space and 3,465 square feet of additional air rights for a total buildable of 6,300 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,022 and the price per buildable square foot is $460 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 Daniela Musarella-Kelley was Daniela Musarella-Kelley. The signatory for Sollevare Group was Jake Movsovitz . The contract date was November 19, 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Sollevare Group purchased two properties in two transactions for a total of $7.8 million and has no record it sold any properties over the past 24 months.
The seller Daniela Musarella-Kelley had not purchased any other properties and sold one property in one transaction for a total of $4 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Daniela Musarella-Kelley, head officer and Cecilio Paguay, site manager. The business entities are Triumph Property Group, Ltd. and Rev. Trust Agreement Of Antoinette Musarella.

The property

The mixed-use building with 2 residential units in Carroll Gardens has 2,835 square feet of built space and 3,465 square feet of additional air rights for a total buildable of 6,300 square feet according to a PincusCo analysis of city data. The parcel has frontage of 21 feet and is 100 feet deep with a total lot size of 2,100 square feet. The zoning is R6A which allows for up to 3 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $3.1 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 $350 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 neighborhood

In Carroll Gardens, The bulk, or 44 percent of the 3.6 million square feet of commercial built space are walkup buildings, with mixed-use buildings next occupying 33 percent of the space. In sales, Carroll Gardens has 1.6 times the average sales volume among other neighborhoods with $437.1 million in sales volume in the last two years and is the 14th highest in Brooklyn. For development, Carroll Gardens has had very little major development activity relative to other neighborhoods.It had 135,232 square feet of commercial and multi-family construction under development in the last two years, which represents 4 percent of the neighborhood’s built space. There were two pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of seven of the 20 commercial properties representing 22,845 square feet of the 60,446 square feet. The largest owner is Safdie Realty Group, followed by Bren Salamon and then Sollevare Group.
There are no active new building construction projects on this tax block.

The majority, or 91 percent of the 60,446 square feet of built space are mixed-use buildings, with walkup buildings next occupying 9 percent of the space.

The buyer

The PincusCo database currently indicates that Sollevare Group owned at least two commercial properties with five residential units in New York City with 5,445 square feet and a city-determined market value of $3.6 million. (Market value is typically about 50% of actual value.) Within the portfolio, all identified are mixed-use properties. They are all located in Brooklyn.

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