$2,499,000
Updated 11 years ago
Sold

505 Hicks Street

Cobble Hill, Brooklyn | Kane Street & Degraw Street

5 Baths4,408 Square FeetMulti-Family

$2,499,000
floors / apts4 / 3
Lot Size21'5"x88'5"
Built Size21'6"x51'
ZoneR6
Building TypeTownhouse
RE Taxes$429
Price Per SF
$567

This property was sold for $2,335,000 on 06/16/14.

Outdoor space and views

  • Backyard
  • Garden
  • Patio

Building Amenities

  • Cold Storage
  • Garden
  • Outdoor Parking
  • Stoop Entry

Property Description for 505 Hicks Street

ONE OF THE BEST VALUES IN COBBLE HILL. This huge four story brick townhome is nearly 22' wide and is located steps to the very best that Cobble Hill offers. IT WILL BE DELIVERED VACANT. This home has had substantial high quality upgrades to the electical, plumbing, and heating but needs minor cosmetic upgrates. This home could be a wonderful primary residence or it could be a superb investment property. Currently configured as a garden/parlor duplex with two rentals overhead, you can easily live in the apartment of your dreams and collect $7,000 in rental income. Alternatively, this property would generate approximately $150,000 per year solely as an investment property. EACH UNIT PAYS IT'S OWN HEAT, so expenses are extremely low. Located between Kane and Degraw Streets, this property is very close to Court Street, Brooklyn Heights, Brooklyn Bridge Park, excellent schools, public transportation, and more. A superb value for a savvy buyer.

Listing History for 505 Hicks Street

Now
06/18/2014
$2,335,000
Sold and Closed by Alexander Maroni
Douglas Elliman
05/02/2014
Contract Signed by Alexander Maroni
Douglas Elliman

Building Details for 505 Hicks Street

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

Carroll St
0.47 miles
Bergen St
0.49 miles

Citi Bike

Henry St & Degraw St
0.09 miles
Columbia St & Degraw St
0.12 miles

Ferry

Atlantic Ave/BBP Pier 6
0.46 miles

Contact Agents

Contact Agents

Alexander Maroni
Douglas Elliman
Bren Salamon
Douglas Elliman

Cobble Hill | Brooklyn

Quick Profile

The neighborhood now known as Cobble Hill was originally settled by Dutch farmers in the mid-1600s. Tucked along the East River, in the heart of Brooklyn, Cobble Hill is known for its welcoming, leafy streets, independent mom-and-pop shops, and 19th century brownstones.

Most of Cobble Hill lies within an historic landmark district, and building heights are restricted to 50 feet, which helps maintain its 19th century atmosphere. Building owners will often split the use of their four- or five-story buildings, occupying several of the top floors and renting out the ground floor as apartments or, conversely, occupying one or more of the lower floors and renting out the top floors. New construction and alterations to existing buildings in the historic district require approval by the New York City Landmarks Preservation Commission, which helps maintain the historic character of the Cobble Hill neighborhood.

Although most housing in Cobble Hill consists of traditional brownstones and brick townhouses,, you will also find churches that have been converted to condos, carriage houses that have become luxury apartments and Victorian school houses that have been converted into lofts.

Court Street and Atlantic Avenue are the main commercial streets in the neighborhood. You will find popular Middle Eastern restaurants on Atlantic Avenue. Court Street is home to casual restaurants, many with outdoor seating, relaxed cafes and hip bars.

Many young professionals and families live in the brownstones, townhouses, and single-family homes that line the leafy streets. Cobble Hill is a great place to live if you work on Wall Street, as you can walk over the Brooklyn Bridge to work.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 34148TH