facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

286 Hicks Street, Brooklyn ...

Oscar I Hernandez And Nana Elvira Lind Acquire SFR In Brooklyn Heights For $5.65M
SOLDMultiFamily

Oscar I Hernandez And Nana Elvira Lind Acquire SFR In Brooklyn Heights For $5.65M

286 Hicks Street, Brooklyn Heights, Brooklyn, NY, USA

$5,650,000

$1,726/SF

Building Size

3,272 SF

Asset Type

MultiFamily

Closing

Jul 25, 2021

AI

A single-family residence located at 286 Hicks Street in Brooklyn Heights, Brooklyn has been sold. The property, with a lot size of 1,750 square feet, is zoned as R6, LH-1. The transaction took place on July 26, 2021. The buyer of the property is Oscar I Hernandez and Nana Elvira Lind, while the sellers are Douglas Freedman and Lauri Freedman. The deal was facilitated by Sarah Shuken and Deborah L Rieders from Corcoran. The property was sold for a total price of $5,650,000, with a building square footage of 4,252. The price per building square footage is $1,328, and the property spans a total of 3,272 square feet, resulting in a price per square foot of $1,726. The property has a floor area ratio (FAR) of 1.87 and falls under tax class 1. The last recorded sale of the property was on January 27, 2011, for a price of $2,650,000. An alteration permit of type 2 was issued on February 8, 2012, for the property, and its lot dimensions are 17.5 ft x 100 ft.

Summary of transaction details:

  • Property Type: Single Family Residence
  • Transaction Amount: $5,650,000
  • Market: Brooklyn Heights, Brooklyn
  • Asset Type: SFR
  • Zoning: R6, LH-1

Oscar I Hernandez and Nana Elvira Lind purchased the property located at 286 Hicks Street from the sellers, Douglas Freedman and Lauri Freedman. The transaction was handled by Sarah Shuken and Deborah L Rieders from Corcoran. The property, spanning 3,272 square feet with a total building square footage of 4,252, was sold for $5,650,000, resulting in a price per square foot of $1,726. The lot size of the property is 1,750 square feet, and it has a floor area ratio (FAR) of 1.87. The property is classified as tax class 1 and has a recorded last sale price of $2,650,000 on January 27, 2011. An alteration permit of type 2 was issued on February 8, 2012, for the property.

Players

Deborah L Rieders

The Corcoran Group

Broker

$22.4M

vol

5 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.81%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93