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93 Hicks St 16 Unit Apartment Building $13,124,160 CAD ($820,260 CAD/Unit) Brooklyn, NY 11201
Investment Highlights
- 96% Free Market
- Zero deferred maintenance: Brand new building systems and restored exterior
- Top-of-the-line renovations
- Unbeatable Brooklyn Heights location
Executive Summary
Avison Young, as exclusive agent, is pleased to offer for sale 93 Hicks Street (the “Property”), a newly reimagined multifamily walk-up building located in the picturesque Brooklyn Heights neighborhood. Featuring 25 feet of frontage on the east side of tree-lined Hicks Street between Pineapple Street and Orange Street, the four-story building spans 8,400± square feet across sixteen (16) residential apartments.
Of the sixteen (16) residential units, fifteen (15) are free market and one (1) is temporarily rent stabilized. Since the building underwent a substantial rehabilitation, the remaining rent-stabilized unit will become free market when the current tenant vacates. All the units, except for a lower-level apartment, consist of one-bedroom, one-bathroom layouts. The lower-level apartment is a two-bedroom, one-and-a-half-bathroom layout.
Of the sixteen (16) residential units, fifteen (15) are free market and one (1) is temporarily rent stabilized. Since the building underwent a substantial rehabilitation, the remaining rent-stabilized unit will become free market when the current tenant vacates. All the units, except for a lower-level apartment, consist of one-bedroom, one-bathroom layouts. The lower-level apartment is a two-bedroom, one-and-a-half-bathroom layout.
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Property Facts
| Price | $13,124,160 CAD | Building Class | B |
| Price Per Unit | $820,260 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 9,765 SF |
| No. Units | 16 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R7-1 - R7-1 is a medium-density Residential Zoning District in New York City. You can find R7-1 Zoning Districts in The Bronx, Brooklyn, and Queens. | ||
| Price | $13,124,160 CAD |
| Price Per Unit | $820,260 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 9,765 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | R7-1 - R7-1 is a medium-density Residential Zoning District in New York City. You can find R7-1 Zoning Districts in The Bronx, Brooklyn, and Queens. |
Amenities
Unit Amenities
- Washer/Dryer
- Granite Countertops
- Refrigerator
- Oven
- Freezer
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
100/100
Property Taxes
| Parcel Number | 00226-0003 | Improvements Assessment | $1,497,651 CAD |
| Land Assessment | $231,684 CAD | Total Assessment | $1,729,335 CAD |
Property Taxes
Parcel Number
00226-0003
Land Assessment
$231,684 CAD
Improvements Assessment
$1,497,651 CAD
Total Assessment
$1,729,335 CAD
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93 Hicks St
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