New York City · Commercial sale

River Drive buys 81 Court Street in Brooklyn for $10.5 million

An office building at 81 Court Street, Brooklyn sold for $10,500,000 on August 20, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published November 3, 2026

Sold August 20, 2026 · New York, New York

Aerial view of 81 Court Street, Brooklyn with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: NYC Department of Finance. The photo can predate the sale.

Sale price: $10,500,000
Sold: August 20, 2026
Property type: Office building
Building area: 15,000 sq ft
Price per sq ft: $700
Year built: 1920

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgAugust 20, 2026

Seller's estimated net sheet

81 Court Street, Brooklyn

Sale price	$10,500,000
Prorations
Property tax proration (refund to seller)	$149,042.47
Title and settlement
Settlement / closing fee	$250
Seller's attorney fee	$1,500
Transfer taxes and recording
NY State real estate transfer tax	$42,000
NY State additional transfer tax (NYC non-residential $2M+)	$26,250
NYC real property transfer tax (commercial/other)	$275,625
Other costs
Wire / courier / payoff processing	$75
Total deductions	$345,700
Estimated net to seller	$10,303,342.47

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NetSheet.orgAugust 20, 2026

Buyer's estimated net sheet

81 Court Street, Brooklyn

Purchase price (cash)	$10,500,000
Title and settlement
Owner's title insurance policy	$36,932.55
Settlement / closing fee	$250
Buyer's attorney fee	$2,000
Transfer taxes and recording
Deed recording fee	$250
Prorations
Reimburse seller for prepaid taxes	$149,042.47
Closing costs and prepaids	$188,475.02
Estimated cash to close	$10,688,475.02

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
Annual property tax estimated at 1.65% of price ($173,250).
Title and settlement fees are typical estimates, not quotes.

Selling in Brooklyn?

New York City transfer tax and closing costs

The $10,500,000 sale price was 2.9 times the recorded market value. The building at 81 Court Street in Brooklyn sold on August 20, 2026, according to the New York City Department of Finance's ACRIS property records.

The record lists Investors Court Street LLC as the seller. It lists River Drive LLC and 2013 Associates LLC as the buyer.

NYC Department of Finance records show 15,000 square feet of building area, a build year of 1920 and a 2,162-square-foot lot. The price works out to $700 per square foot. The recorded market value is $3,603,000.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in New York City?

By our estimate, the seller's two largest charges, not counting prorations, were $275,625 for the nYC real property transfer tax (commercial/other) and $42,000 for the nY State real estate transfer tax. Who pays what follows New York City custom.

How much did the seller net?

By our estimate, the seller netted about $10,303,342. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $10,688,475 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

81 Court Street, Brooklyn, NY.

Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026082100792001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.