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Scott Dougherty

Licensed Real Estate Salesperson

  • Office 914-401-9700
  • Cell 914-413-5958
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1223 Hancock Street, Brooklyn, NY – $1,350,000

  • $1.4M Price
  • 9 Beds
  • 6 Baths
  • 3,010 Sqft
  • $1.4M Price
  • 9 Beds
  • 6 Baths
  • 3,010 Sqft

1223 Hancock Street

1223 Hancock is a legal 3 family townhouse built 20 feet wide on a 100 foot lot. This versatile building has full DOB plans in place and has been completely cleared out and is ready for framing and next steps of renovation. Keep as a three family investment property with an annual rent roll of ~$115,000 OR use one unit for yourself while collecting rental income from two other units. Extremely low expenses make this a prime investment opportunity which can generate a potential 6% cap rate. Layout options are flexible depending on end use but floor plan providing shows approved three 3 bedroom apartments with full width extension on the first floor. Ceiling height is sensational and will be sure to maximize rent roll. Situated along a tranquil tree-lined section of Bushwick and a short distance to Irving Square Park and Bushwick Playground. Close proximity to mass transit with Halsey Street Station (L Train) and Myrtle-Wyckoff Avenue Station (L & M Train) nearby as well as Multiple NYC Buses (B13, B26, B52, B54, Q56, Q58). Please note all photos and floor plans are renderings of one potential renovation option. Contact us today for a tour or for more options to make this special home a prime investment.

Essential Information

  • MLS® #4985863
  • Price$1,350,000
  • Bedrooms9
  • Bathrooms6.00
  • Full Baths6
  • Square Footage3,010
  • Acres0.00
  • Year Built1910
  • TypeMulti-Family 2-4
  • StatusActive

Community Information

  • Address1223 Hancock Street
  • AreaBrooklyn
  • CityBrooklyn
  • CountyKings (Brooklyn)
  • StateNY
  • Zip Code11221

Amenities

  • ParkingOther/See Remarks

Interior

  • HeatingSee Remarks
  • CoolingNone
  • Has BasementYes
  • BasementSee Remarks

School Information

  • DistrictNew York
  • ElementaryCity of New York
  • MiddleCity of New York

Listing Details

  • Listing Courtesy ofCompass
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Listing Courtesy of Compass.

The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Giner Realty are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

Information deemed reliable but not guaranteed.

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Listing information last updated on August 19th, 2019 at 1:28am EDT.