One-Bedroom Residential
For Sale
$500,000
417 Hicks Street 1B, Brooklyn, NY 11201
An open kitchen and living area, exposed brick, and in-unit laundry hookups shape the apartment’s interior.
Property Size509 SF
Price / SF$982.32
Days on Market16
Property Features for 417 Hicks Street 1B
General Information
Standard status
Active
Size
509 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,452
Amenities
on-site laundry
bike storage
live-in superintendent
private gardens
washer/dryer hookup
Building Details
Building Size
509 SF
Year Built
1870
Listing Agency:
Compass
Listed By:
Sabina Sangha
(917) 843-2405
Source:
Miradorrealestate
Added: Sep 24
Changed: Oct 6
Last Checked: Oct 7 at 6:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This 509-square-foot, one-bedroom residence at 417 Hicks Street combines an open kitchen and living area with hardwood floors, high ceilings, exposed brick, built-in storage, and custom shelving. The kitchen has wood cabinetry, stainless steel appliances, and a counter peninsula with seating. A windowed full bathroom includes a glass-enclosed walk-in shower, and the bedroom has closet storage. Washer and dryer hookups are included.
The residence is part of Cobble Hill Towers, a landmarked community dating to 1870 and comprising nine buildings. Residents have access to two private landscaped gardens, on-site laundry, bike storage, and a live-in superintendent; pets are welcome. The property is near Court and Smith Streets, Cobble Hill Park, and Brooklyn Bridge Park, with multiple subway lines serving Brooklyn and Manhattan.
The residence is part of Cobble Hill Towers, a landmarked community dating to 1870 and comprising nine buildings. Residents have access to two private landscaped gardens, on-site laundry, bike storage, and a live-in superintendent; pets are welcome. The property is near Court and Smith Streets, Cobble Hill Park, and Brooklyn Bridge Park, with multiple subway lines serving Brooklyn and Manhattan.
Key Highlights
- 509‑square‑foot one‑bedroom residence
- Open kitchen with counter seating and stainless steel appliances
- Windowed full bathroom with glass‑enclosed walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,539
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,780
$310.8K
Cap Rate 7%
$221,986
$222.0K
Cap Rate 9%
$172,656
$172.7K
Market Conditions
NOI Build-Up for 509 SF
Gross rent
$28.8K $56.64/SF
− Vacancy
−$577 −$1.13/SF
EGI
$28.3K $55.51/SF
− OpEx
−$12.7K −$24.98/SF
NOI
$15.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,780
Cap Rate 7%
$221,986
Cap Rate 9%
$172,656
Alternative Uses
Best Use
Apartment 5plus
$222.0K
$194.2K – $259.0K
NOI $15,539 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$421.5K
$368.8K – $491.7K
NOI $29,502 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open kitchen and living area, exposed brick, and in-unit laundry hookups shape the apartment’s interior.
Where is this residential income property located?
The property is located at 417 Hicks Street 1B Brooklyn, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 509‑square‑foot one‑bedroom residence; Open kitchen with counter seating and stainless steel appliances; Windowed full bathroom with glass‑enclosed walk‑in shower
