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171 Hancock Street 171 Hancock St

10 Unit Block of Flats £2,564,250 (£256,425/Unit) 6.67% Net Initial Yield Brooklyn, NY 11216

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.

Executive Summary

Cory Rosenthal
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Price £2,564,250 Apartment Style Mid Rise
Price Per Unit £256,425 Building Class B
Sale Type Investment Lot Size 0.05 AC
Net Initial Yield 6.67% Building Size 4,499 SF
No. Units 10 Number of Floors 5
Property Type Residential Year Built 1905
Property Subtype Apartment
Price £2,564,250
Price Per Unit £256,425
Sale Type Investment
Net Initial Yield 6.67%
No. Units 10
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.05 AC
Building Size 4,499 SF
Number of Floors 5
Year Built 1905

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 10 - -

Links

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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 01833-0076 Improvements Assessment £323,651
Land Assessment £56,881 Total Assessment £380,532

PROPERTY TAXES

Parcel Number
01833-0076
Land Assessment
£56,881
Improvements Assessment
£323,651
Total Assessment
£380,532

zoning

Zoning Code R6B
R6B
(914) 584-7422

  • Listing ID: 33694795

  • Date on Market: 30/10/2024

  • Last Updated:

  • Address: 171 Hancock St, Brooklyn, NY 11216

The North Brooklyn Residential Property at 171 Hancock St, Brooklyn, NY 11216 is currently available. Contact Matthews Real Estate Investment Services for more information.

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