Donald Patrick Sweeney Acquires Multifamily Property On Hicks Street In Brooklyn Heights For $5.4M

A multifamily property located at 72 Hicks Street in Brooklyn Heights, Brooklyn has been sold for a price of $5,400,000. The property has a building square footage (BSF) of 6,196 and a price per BSF (PPBSF) of $871. The total square footage (SF) of the property is 3,392 and the price per SF (PPSF) is $1,591. The property is zoned as R6 and LH-1 with a floor area ratio (FAR) of 1.33. The tax class of the property is 1 and the lot size is 2,570 square feet. The last recorded sale of the property was on October 18, 2019, for a price of $5,700,000. An alteration permit of type 2 was issued on March 9, 2020, for the property. The lot dimensions are 25.25 feet by 101 feet.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,400,000
• Market: Brooklyn Heights, Brooklyn
• Buyer: Donald Patrick Sweeney
• Seller: Charles Penner
• BSF: 6,196
• PPBSF: $871
• SF: 3,392
• PPSF: $1,591
• Zoning: R6, LH-1
• FAR: 1.33
• Tax Class: 1
• Lot Size: 2,570
• Last Sale Price: $5,700,000 (10/18/2019)
• Permits: Alteration type 2 (03/09/2020)
• Lot Dimensions: 25.25 ft x 101 ft

The buyer of the property is Donald Patrick Sweeney and the seller is Charles Penner.