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Whitten Morris Acquires SFR In Brooklyn Heights For $4.95M

Property Image
SOLD
$4,950,000
Gian Mitchell
Cameron LeCates
Ravi Kantha
+ 1

New York

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Single Family Residence3,802 SF
Sold 10/21/2021
the dealplayerscompscontact
Property Image
SOLD

Whitten Morris Acquires SFR In Brooklyn Heights For $4.95M

257 Hicks Street, Brooklyn, New York 11201, United States

See Similar Deals
Single Family Residence3,802 SF
Sold 10/21/2021
Gian Mitchell
Cameron LeCates
Ravi Kantha
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,301
Total Square Footage:3,802 SF
Transaction Type:Sale

A single-family residential property located at 257 Hicks Street in Brooklyn Heights has been sold for a price of $4,950,000. The property has a building square footage (BSF) of 3,725, translating to a price per BSF (PPBSF) of $1,328. The total square footage (SF) of the property is 3,802, with a price per square foot (PPSF) of $1,301. The lot size measures 1,533 square feet, with dimensions of 21 ft x 77 ft. The property falls under tax class 1 and has a floor area ratio (FAR) of 2.48.

Summary of transaction details:

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $4,950,000
  • Market: Brooklyn Heights
  • Zoning: R6

The buyer of the property is Whitten Morris, while the seller is Robert Whiteford. The deal was facilitated by brokers Matthew Lesser, Ravi Kantha, Gian Mitchell, and Cameron LeCates from Leslie J. Garfield.

Players

Matthew "Matt" Lesser
Leslie Garfield
Matthew Lesser
40 deals$579.5M volume
BROKER
Ravi Kantha
Serhant
Ravi Kantha
31 deals$409M volume(914) 224-2191
BROKER
Gian Mitchell
Leslie Garfield
Gian Mitchell
2 deals$12.3M volume
BROKER
Cameron LeCates
Leslie Garfield
Cameron LeCates
4 deals$24.5M volume(717) 841-4192
BROKER

Details

SOLD
IMAGE: Matthew Lesser, Ravi Kantha, Gian Mitchell & Cameron LeCates DATE: 10/21/2021 ADDRESS: 257 Hicks Street MARKET: Brooklyn Heights ASSET TYPE: SFR ~ ZONING: R6 BUYER: Whitten Morris SELLER: Robert Whiteford BROKER: Matthew Lesser, Ravi Kantha, Gian Mitchell & Cameron LeCates - Leslie J. Garfield PRICE: $4,950,000 BSF: 3,725 ~ PPBSF: $1,328 SF: 3,802 ~ PPSF: $1,301 FAR: 2.48 TAX CLASS: 1 LOT SIZE: 1,533 LOT DIMENSION: 21 ft x 77 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,586.30
Cash-on-Cash Return-1.27%
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