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
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