R.A. Cohen & Associates, Inc. Acquires Multifamily Asset In Brooklyn Heights For $19.1M

The multifamily property located at 136 Hicks Street in Brooklyn Heights has been sold in a closed transaction. The property consists of 46 units and spans across 48,414 square feet. The sale price for this transaction was $19,100,000, resulting in a price per unit of $415,217 and a price per square foot of $395. The property is situated in the desirable neighborhood of Brooklyn Heights, known for its picturesque streets and historic charm.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $19,100,000
• Number of Units: 46
• Price Per Unit: $415,217
• Total Square Footage: 48,414
• Price Per Square Foot: $395
• Market: Brooklyn Heights

R.A. Cohen & Associates, Inc. has acquired the property from JP Morgan & Bronstein Properties. The deal was facilitated by brokers Daniel O'Brien and Caroline Hodes of Newmark. Their expertise and negotiation skills were instrumental in finalizing the transaction. The sale of 136 Hicks Street showcases the demand for multifamily properties in the prestigious neighborhood of Brooklyn Heights.