171 Hancock St - Apartments FOR SALE
Brooklyn, NY 11216 |
$3,250,000 USD
914-584-7422
171 Hancock St
Brooklyn, NY 11216
HIGHLIGHTS
- Located on Hancock Street, one of NYC’s most picturesque tree-lined residential corridors, within the esteemed Bedford Historic District.
- The subject property is well positioned among highly sought-after brownstone-style building stock that exemplifies Brooklyn charm.
- Lower two floors are built 20’ x 80’, allowing for two spacious 2B duplexes with garden access.
- The property contains seven free market and three rent stabilized units, allowing future owner to capitalize on upside in rents.
- The building, neighborhood and architecture all lend well to a hybrid owner/user/investor, living in one or more of the units and renting out the rest
- 2B Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
FOR SALE DETAILS
PRICE
$3,250,000 USD
PRICE/SF
$722 USD /SF
# OF UNITS
10
PRICE/UNIT
$325,000
CAP RATE
6.67%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
171 Hancock Street
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
5
YEAR BUILT
1905
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.05 AC
LAND SF
1,972 SF
ZONING
R6B
APN/PARCEL ID
01833-0076
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914-584-7422
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914-584-7422
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