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152 Hicks Street

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

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

152 Hicks Street

$6,000,000

$1,339/SF

Building Size

4,481 SF

Asset Type

MultiFamily

Closing

Sep 3, 2025

AI

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

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker
Investment Property Realty Group (IPRG)
Investment Property Realty Group (IPRG)Brokerage
Carlos Saavedra

Carlos Saavedra

Buyer

$108.4M

vol

20 deals

Buyer

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93