BK Heights 210 LLC Acquires 271 Hicks Street In Brooklyn Heights For $12.75M

A single-family residential property located at 271 Hicks Street in Brooklyn Heights has recently been sold. The property is zoned as R6 and LH-1, allowing for a variety of residential uses. The sale took place on June 17, 2021, with a purchase price of $12,750,000. The property has a total building square footage (BSF) of 5,249, resulting in a price per BSF (PPBSF) of $2,429. The total lot size is 2,160 square feet, and the building itself spans 5,206 square feet, leading to a price per square foot (PPSF) of $2,449. The property's floor area ratio (FAR) is 2.41, and it falls under tax class 1.

Summary of transation details:

• Property Type: Single-Family Residential (SFR)
• Transaction Amount: $12,750,000
• Market: Brooklyn Heights
• Buyer: BK Heights 210 LLC
• Seller: David Slaven
• Building Square Footage (BSF): 5,249
• Price per BSF (PPBSF): $2,429
• Total Lot Size: 2,160 square feet
• Building Square Footage (SF): 5,206
• Price per Square Foot (PPSF): $2,449
• Floor Area Ratio (FAR): 2.41
• Last Sale Price: $4,950,000 (05/25/2017)
• Permits: Alteration type 1 (12/27/2017)
• Lot Dimensions: 24 ft x 90 ft

The buyer of the property, BK Heights 210 LLC, acquired the asset from the seller, David Slaven. The transaction represents a significant increase in value compared to the property's previous sale. On May 25, 2017, the property was sold for $4,950,000. Subsequently, an alteration permit of type 1 was issued on December 27, 2017. The property is situated on a lot with dimensions measuring 24 feet by 90 feet.