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