The Real Deal New York

Hicks Street townhouses could become one of Brooklyn’s most elaborate homes

Prospective building combo to hit market for $10.5M

November 13, 2015 12:23PM
By Katherine Clarke

Alex Maroni and the prospective townhouse combination on Hicks Street

Alex Maroni and the prospective townhouse combination on Hicks Street

A pair of townhouses slated to come on the market in Brooklyn Heights could be combined to form one of the largest – and most audacious – private mansions in the borough.

Combining the properties at 154 and 154A Hicks Street would yield a 10,000-square-foot home with 32 feet of frontage, according to Douglas Elliman’s Alex Maroni, who plans to put the combination on the market for $10.5 million, or $1,050 a foot.

If it sold for that price, it would be among the top five most expensive private home sales ever in Brooklyn.

“The investment potential here is tremendous with finished homes routinely selling for over $1,800 to $2,000 per square foot in the area,” Maroni said.

The two Greek Revival-style homes date back to the mid 1800s and have separate owners. The first, at 154 Hicks Street, traded for $3.21 million last year to an investor who performed some minor renovations. The second, which was recently on the market for $6.1 million, has been in the same family for more than 30 years.

Maroni said he convinced the two owners to join forces in an effort to capitalize on the appetite for large homes in a neighborhood notorious for its extremely tight inventory.

Both five-story buildings have 60-feet-deep floor plates, operable fireplaces, and could be converted to condos.

Sellers in Brooklyn Heights have been eyeing Manhattan-esque prices for the past year, with listings such as a $40 million compound at 3 Pierrepont Place. The median price for a one- to three- family Brooklyn home was $953,573 in the third quarter of the year, according to Douglas Elliman.