Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    154a Hicks St Brooklyn, NY 11201
    Property profile & analytics

    154a Hicks St Brooklyn, NY 11201

    View on Map
    • Residential income homes
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Knobler Joanna G MD / Physician
    • Michael Fischman / Counselor / Practitioner Service Location

    Property Details for 154a Hicks St

    Property type
    Residential income homes
    Property subtype
    Apartment buildings

    Description

    This stunning Brooklyn Heights brownstone at 154A Hicks Street presents a unique investment opportunity. The 4-unit building, situated on a 1,483 square foot lot, boasts charming historical details including pocket doors, wood-burning fireplaces with marble mantels, and beautiful moldings, complemented by exposed brick. The property's layout includes a garden-level one-bedroom duplex with private garden access, a first-floor medical office with a half-bath, a second-floor studio apartment and office, and two studio apartments on the third floor. A fourth-floor one-bedroom apartment completes the unit mix. This multifamily property offers the potential for immediate income generation, as it can be delivered vacant. Its prime location, just one block from the Brooklyn Heights Promenade, provides breathtaking views of the NYC skyline. Residents enjoy easy access to Brooklyn Bridge Park, DUMBO's vibrant scene, and the tranquility of the historic neighborhood, along with a wealth of restaurants, cafes, and bars. Convenient public transportation is readily available via the 2, 3, 4, 5, A, C, and R subway lines, as well as ferry service. This property is ideal for both residential and investment purposes, offering a blend of historical charm and modern convenience in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9953
    Latitude
    40.697

    Comparable in this City

    • Value Estimation
      $1,990,000
      6,075 SF

      127 Hicks St

      BOARDING/ROOMING HOUSE • 6,075 SF
      127 Hicks St, Brooklyn, NY 11201-2347
      View Details
    • Value Estimation
      $3,380,000
      13,689 SF

      1 Old Fulton St

      BOARDING/ROOMING HOUSE • 13,689 SF
      1 Old Fulton St, Brooklyn, NY 11201-1307
      View Details
    • Value Estimation
      $16,270,000
      53,311 SF

      125 Flatbush Ave Ext

      BOARDING/ROOMING HOUSE • 53,311 SF
      125 Flatbush Ave Ext, Brooklyn, NY 11201-2901
      View Details
    • Value Estimation
      $1,320,000
      3,172 SF

      87 Dean St

      BOARDING/ROOMING HOUSE • 3,172 SF
      87 Dean St, Brooklyn, NY 11201-6312
      View Details
    • Value Estimation by Request

      388 Bridge St

      Multifamily properties
      388 Bridge St, Brooklyn, NY 11201
      View Details
    • Value Estimation
      $910,000
      2,499 SF

      268 Hicks St

      BOARDING/ROOMING HOUSE • 2,499 SF
      268 Hicks St, Brooklyn, NY 11201-4748
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Brooklyn Multifamily Home for Rent

      Multi-family home in Brooklyn with historic charm and modern convenience.
      231 Front St, Brooklyn, NY 11201
      View Details
    • Contact for pricing

      Spacious Office Near DUMBO Riverfront

      Large open office space with 24/7 access near ferry.
      18 Bridge St, Brooklyn, NY 11201
      View Details
    • Contact for pricing

      261-265 Water St, Brooklyn, NY 11201

      Mixed-use properties
      261-265 Water St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      2,500 SF

      Downtown Brooklyn Office Space Available

      Elevatored office building in Downtown Brooklyn with flexible leasing options.
      81-83 Court St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      2,500 SF

      D.U.M.B.O. Building Leasing Opportunity

      Unique 19,657 SF building in the heart of D.U.M.B.O.
      261-265 Water St, Brooklyn, NY 11201
      View Details
    • $19 SF/Yr
      1,610 SF

      Renovated Office Space in Downtown Albany

      1,610 RSF office suite available in downtown Albany.
      136 State St, Brooklyn, NY 11201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    154a Hicks St
    Brooklyn, NY 11201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    154a Hicks St, Brooklyn, NY, 11201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!