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257 Hicks Street, Brooklyn,...

Whitten Morris Acquires SFR In Brooklyn Heights For $4.95M
SOLDSingle Family Residence

Whitten Morris Acquires SFR In Brooklyn Heights For $4.95M

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

$4,950,000

$1,301/SF

Building Size

3,802 SF

Asset Type

Single Family Residence

Closing

Oct 20, 2021

AI

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 Lesser

Leslie Garfield

Broker

$579.5M

vol

40 deals

Broker

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.20%

Cash-on-Cash

-0.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93