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85 Hicks Street

Multifamily Property At 85 Hicks Street Sold For $4 Million With Brokers Shlomo Antebi Erik Yankelovich & Yosef Katz
SOLDMultiFamily

Multifamily Property At 85 Hicks Street Sold For $4 Million With Brokers Shlomo Antebi Erik Yankelovich & Yosef Katz

85 Hicks Street

$4,000,000

$487/SF

Building Size

8,205 SF

Asset Type

MultiFamily

Closing

Jun 23, 2026

AI

The property asset involves a multifamily building located at 85 Hicks Street in Brooklyn. The transaction was completed for a price of $4,000,000, comprising 10 units with a price per unit of $400,000. The total square footage of the property is 8,205, which results in a price per square foot of $487.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Units: 10
  • Price Per Unit: $400,000
  • Square Footage: 8,205
  • Price Per Square Foot: $487
  • Date of Transaction: 6/24/2026
  • Address: 85 Hicks Street
  • Market: Brooklyn

The deal was represented by brokers Shlomo Antebi, Erik Yankelovich, and Yosef Katz from Atlas Realty Group. Their involvement was crucial in facilitating the transaction process in the multifamily market of Brooklyn.

Players

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

132 deals

Broker

Market 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93