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280 Hicks Street, Brooklyn ...

Updated Dec 21, 2023

Alison R Hirsch Acquires SFR In Brooklyn Heights For $12M
SOLDSingle Family Residence

Alison R Hirsch Acquires SFR In Brooklyn Heights For $12M

280 Hicks Street, Brooklyn Heights, Brooklyn, NY, USA

$12,000,000

$3,840/SF

Building Size

3,125 SF

Asset Type

Single Family Residence

Closing

May 19, 2021

About this deal

AI

Located in Brooklyn Heights, Brooklyn, the property at 280 Hicks Street was recently sold in a closed transaction. The single-family residential (SFR) asset is situated on a 2,500 square foot lot and falls under the R6 zoning category. Its lot dimensions measure 25 feet by 100 feet, providing ample space for a comfortable living environment.

Summary of Transaction Details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Date: 2021-05-20
  • Address: 280 Hicks Street, Brooklyn Heights, Brooklyn
  • Market: Brooklyn Heights, Brooklyn
  • Buyer: Alison R Hirsch
  • Seller: Kenneth Landon
  • Transaction Amount: $12,000,000
  • Building Square Footage (BSF): 6,075
  • Price per BSF: $1,975
  • Property Square Footage (SF): 3,125
  • Price per SF: $3,840
  • Floor Area Ratio (FAR): 1.25
  • Tax Class: 1
  • Last Sale Price: $2,080,000 (8/11/2010)
  • Permits: Alteration type 1 (01/19/2011)

Alison R Hirsch, the buyer, acquired the property from Kenneth Landon in the transaction. Both parties had their respective representatives involved in the deal, ensuring a smooth and legally sound process. This closed transaction signifies a significant sale in the Brooklyn Heights market, showcasing the demand for quality properties in this vibrant neighborhood.

Players

Alison R Hirsch

Buyer

$15.2M

vol

2 deals

Buyer

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $3.8K per square foot on a published $12M for 3,125 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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