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
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