facebook
Traded Co logo
Submit

Carlos Saavedra Acquires Multifamily Property At 152 Hicks Street Brooklyn Heights For $6M

Property Image
SOLD
$6,000,000
Luke Sproviero
Adam Lobel
+ 3

New York

See Similar Deals
MultiFamily4,481 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Carlos Saavedra Acquires Multifamily Property At 152 Hicks Street Brooklyn Heights For $6M

152 Hicks Street

See Similar Deals
MultiFamily4,481 SF
Sold
Luke Sproviero
Adam Lobel
+ 3
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,339
Total Square Footage:4,481 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 152 Hicks Street in Brooklyn Heights, Brooklyn. The sale price was $6,000,000, and the property encompasses a total area of 4,481 square feet, resulting in a price per square foot of $1,338.

Summary of transaction details:

Key individuals involved in this transaction include the buyer, Carlos Saavedra, and the seller, Elizabeth Fraser. The deal was facilitated by a team of brokers from Investment Property Realty Group, comprising Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Samantha Katz, who played vital roles in executing the transaction.

Players

Adam Lobel
136 deals$580.9M volume(314) 920-8639
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$824.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
88 deals$346.5M volume
BROKER

Samantha Katz
Investment Property Realty Group (IPRG)
17 deals$91.5M volume(718) 360-4834
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE

Carlos Saavedra
20 deals$108.4M volume
BUYER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero, Adam Lobel, Carlos Saavedra & Toby Waring DATE: 9/4/2025 ADDRESS: 152 Hicks Street MARKET: Brooklyn Heights, Brooklyn ASSET TYPE: Multifamily BUYER: Carlos Saavedra SELLER: Elizabeth Fraser BROKERS: Derek Bestreich, Luke Sproviero (@LukeSproviero), Adam Lobel (@AdamLobelRealEstate), Toby Waring (@BklynBricks) & Samantha Katz (@SKatz.nyc) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $6,000,000 SF: 4,481 ~ PPSF: $1,338

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73