171 Hancock St | Brooklyn, NY 11216
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- LoopNet Team
171 Hancock St
Brooklyn, NY 11216
171 Hancock Street · Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Located on Hancock Street, one of NYC’s most picturesque tree-lined residential corridors, within the esteemed Bedford Historic District.
- Lower two floors are built 20’ x 80’, allowing for two spacious 2B duplexes with garden access.
- 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
- The subject property is well positioned among highly sought-after brownstone-style building stock that exemplifies Brooklyn charm.
- The property contains seven free market and three rent stabilized units, allowing future owner to capitalize on upside in rents.
- 2B Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 4,499 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1905 |
| Building Class | B | ||
| Zoning | R6B - Medium density residential district | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 4,499 SF |
| No. Stories | 5 |
| Year Built | 1905 |
| Zoning | R6B - Medium density residential district |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 01833-0076 | Improvements Assessment | $505,800 |
| Land Assessment | $72,000 | Total Assessment | $577,800 |
PROPERTY TAXES
Parcel Number
01833-0076
Land Assessment
$72,000
Improvements Assessment
$505,800
Total Assessment
$577,800
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