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1333 Hancock St
Brooklyn, NY 11237
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Heart of Bushwick
- Partially Renovated
Executive Summary
The opportunity to own a partially rent-stabilized, three-story multifamily property in the heart of Bushwick at 1333 Hancock Street. Spanning approximately 5,250 square feet on a 25-by-100-foot lot, this six-unit building includes five rent-stabilized apartments and one free-market unit. Situated near Irving and Knickerbocker Avenues, the property enjoys close proximity to neighborhood amenities, dining, and transportation options.
Built on a 25-by-70-foot footprint, 1333 Hancock Street falls under Tax Class 2A and carries an annual tax bill of approximately $12,346. The Bushwick location contributes both convenience and potential long-term appreciation. With its partially stabilized status, this offering presents an attractive balance of steady rental income and the opportunity to tap into the neighborhood’s evolving market.
Built on a 25-by-70-foot footprint, 1333 Hancock Street falls under Tax Class 2A and carries an annual tax bill of approximately $12,346. The Bushwick location contributes both convenience and potential long-term appreciation. With its partially stabilized status, this offering presents an attractive balance of steady rental income and the opportunity to tap into the neighborhood’s evolving market.
Property Facts
| Price Per Unit | $208,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.70% | Building Size | 5,250 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1907 |
| Apartment Style | Low-Rise | ||
| Zoning | R6 - Medium density residential district | ||
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,250 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1907 |
| Zoning | R6 - Medium density residential district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 700 - 750 |
| 4+1 | 1 | - | 1,400 |
Property Taxes
| Parcel Number | 03392-0063 | Improvements Assessment | $534,150 |
| Land Assessment | $5,850 | Total Assessment | $540,000 |
Property Taxes
Parcel Number
03392-0063
Land Assessment
$5,850
Improvements Assessment
$534,150
Total Assessment
$540,000
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