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152 Hicks Street

Carlos Saavedra Purchases Multifamily Property From Fraser Family In Brooklyn For $6 Million
SOLDMultiFamily

Carlos Saavedra Purchases Multifamily Property From Fraser Family In Brooklyn For $6 Million

152 Hicks Street

$6,000,000

$1,339/SF

Building Size

4,480 SF

Asset Type

MultiFamily

Closing

Sep 2, 2025

AI

The asset involved in the transaction is a multifamily property located at 152 Hicks Street in Brooklyn. The sale price was $6,000,000, with a total square footage of 4,480 and a price per square foot of $1,339.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,000,000
  • Address: 152 Hicks Street
  • Market: Brooklyn
  • Square Footage: 4,480
  • Price per Square Foot: $1,339
  • Buyer: Carlos Saavedra
  • Seller: Fraser Family
  • Broker: Alon Kahan

This transaction was managed by Alon Kahan, who represented the deal while at IPRG.

Players

Alon Kahan

Investment Property Realty Group (IPRG)

Broker

$64.6M

vol

12 deals

Broker
Carlos Saavedra

Carlos Saavedra

Buyer

$108.4M

vol

20 deals

Buyer

Brooklyn 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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93