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:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Address: 152 Hicks Street
- Market: Brooklyn Heights, Brooklyn
- Square Footage: 4,481
- Price Per Square Foot: $1,338
- Buyer: Carlos Saavedra
- Seller: Elizabeth Fraser
- Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring & Samantha Katz - Investment Property Realty Group (IPRG)
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
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