Updated May 18, 2026
Blackberry Meadows Holdings LLC Acquires Parking Lot At 299 Hicks Street For $13.25M
299 Hicks Street
$13,250,000
$2,663/SF
Building Size
4,974 SF
Asset Type
Parking Lot
Closing
Apr 26, 2026
About this deal
AI
A parking lot located at 299 Hicks Street in Brooklyn Heights has been sold. The asset has a total square footage of 4,974 and was sold for a transaction price of $13,250,000, resulting in a price per square foot of $2,664.
Summary of transaction details:
- Property Type: Parking Lot
- Transaction Amount: $13,250,000
- Address: 299 Hicks Street
- Market: Brooklyn Heights, Brooklyn
- Square Footage: 4,974
- Price Per Square Foot: $2,664
- Buyer: Blackberry Meadows Holdings LLC
- Seller: Todd Schwartz
The transaction involved Blackberry Meadows Holdings LLC acquiring the property from seller Todd Schwartz. This deal represents a significant transaction within the Brooklyn market.
Players
Brooklyn Parking Lot Market Snapshot
Boundary boundary · Parking Lot · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93