$4,950,000
Updated 2 years ago
Off Market

447 Hicks Street

Cobble Hill, Brooklyn | Kane Street & Baltic Street

28 Rooms8 Beds8 Baths4,320 Square FeetIncome Property

$4,950,000
floors / apts4 / 8
Building TypeTownhouse
RE Taxes$13,392
Price Per SF
$1,146

Building Amenities

  • Voice Intercom

Property Description for 447 Hicks Street

AVAILABLE FOR THE 1ST TIME IN 35 YEARS!!!
Located at the cross-roads of SIX dynamic and culturally rich Brooklyn neighborhoods, this premium investment opportunity in Cobble Hill is just minutes from Brooklyn Bridge Park, waterfront attractions and the best of what these neighborhoods have to offer.
This 8-unit building is fully occupied, collecting free-market rents. No rent control or rent stabilization. Tenants pay all utilities.
Offered as a turn-key investment opportunity with fantastic occupancy rates. it is a perfect fit for cash-flow portfolio investors as well as first-timers alike, who may not want to deal with renovation. This also serves as a very stable legacy investment for those looking to deploy capital into an anchor of stability, all the while providing for your next generation of family to occupy one or more units in the future.
The building's infrastructure and individual apartments are all in great condition. New roof, and recent facade repointing. Hard wood floors throughout. Healthy boiler and mechanicals.
10 minutes to NYC Ferry service @ Atlantic Avenue/Pier 6: Brooklyn Bridge Park
8-13 minutes to (8) different train lines
Citibike 1 block away(3) grocery stores within 5 minutes
Please contact us with any questions and for a full setup.

Listing History for 447 Hicks Street

Now
12/16/2024
Expired by Justin Zucker
Brown Harris Stevens
11/07/2024
$4,950,000 [-$1,130,000] [18.6%]
Price Drop by Justin Zucker
Brown Harris Stevens

Building Details for 447 Hicks Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

Bergen St
0.46 miles

Citi Bike

Columbia St & Kane St
0.12 miles
Congress St & Hicks St
0.14 miles

Ferry

Atlantic Ave/BBP Pier 6
0.37 miles

Contact Agents

Contact Agents

Justin Zucker
Brown Harris Stevens
Al Viera
Brown Harris Stevens

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: 97406TH