1363 Hancock St
Brooklyn, NY 11237
Multifamily Property For Sale · 6 Units

Amazing opportunity in one of New York City’s fastest growing neighborhoods of Bushwick, Brooklyn. This 4,368 SF building is composed of six free market apartments. The building is located on Hancock Street between Knickerbocker Avenue and Irving Avenue, within 2 blocks from the Halsey L train station. This brick building just underwent a full gut renovation, extension, and conversion from 2 family to 6 family. The property consists of 6 vacant, fully renovated, free market, condo-quality apartments. The first floor apartment is a floor-through, 2-bedroom unit and has exclusive use of the backyard. The second and third floors contain 3 1-bedroom unit, and a studio apartment. The 4th floor has a beautiful 2-bedroom apartment with two massive decks off each bedroom. The property has projected gross income of approximately $167,000 when fully occupied, at market rent. The property has extremely low expenses as the utilities have been separately metered. All of units include granite counter tops, hardwood floors, recessed lighting, smart thermostats, virtual doorman, marble tiled bathrooms, and stainless steel appliances. The building also has: new electric and new plumbing throughout, including 4 washer and dryer units. First and fourth floor apartments have private washer and dryers while the 2nd and 3rd floor have common units in the hallways. Central Air Conditioning in each unit excellent light, including recessed lighting in the units, air shafts on both sides of the building allowing for windows in each bathroom with high ceilings. Fully equipped with sprinkler system in common areas of building and 90 minute fire rated doors throughout the building.