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171 Hancock Street 171 Hancock St

10 Unit Apartment Building $4,565,210 CAD ($456,521 CAD/Unit) 6.67% Cap Rate Brooklyn, NY 11216

Apartment Buildings New York Brooklyn 171 Hancock St, 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 $4,565,210 CAD Apartment Style Mid Rise
Price Per Unit $456,521 CAD Building Class B
Sale Type Investment Lot Size 0.05 AC
Cap Rate 6.67% Building Size 4,499 SF
No. Units 10 No. Stories 5
Property Type Multifamily Year Built 1905
Property Subtype Apartment
Price $4,565,210 CAD
Price Per Unit $456,521 CAD
Sale Type Investment
Cap Rate 6.67%
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

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 $574,068 CAD
Land Assessment $100,891 CAD Total Assessment $674,959 CAD

PROPERTY TAXES

Parcel Number
01833-0076
Land Assessment
$100,891 CAD
Improvements Assessment
$574,068 CAD
Total Assessment
$674,959 CAD

zoning

Zoning Code R6B
R6B
(914) 584-7422

  • Listing ID: 33694795

  • Date on Market: 2024-10-30

  • Last Updated:

  • Address: 171 Hancock St, Brooklyn, NY 11216

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

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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171 Hancock Street | 171 Hancock St
(914) 584-7422 x

171 Hancock Street | 171 Hancock St

1/6

DJ Johnston

(914) 584-7422

(914) 584-7422

Henry Hill

(718) 874-8539

(718) 874-8539

Bryan Kirk

(646) 868-0045

(646) 868-0045

Jermaine Pugh

(718) 701-5129

(718) 701-5129

Bobby Lawrence

(718) 554-0337

(718) 554-0337

Henry Chardack

(866) 889-0550

(866) 889-0550

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