Unicorn Properties Group Acquires Multifamily Property In Bushwick, Brooklyn For $1.15M

The multifamily property located at 1242 Hancock St. in Bushwick, Brooklyn was recently sold for $1,150,000. The property consists of 3 units with a total square footage of 3,300. The price per unit was $383,333, and the price per square foot was $348.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,150,000
• Units: 3
• Price per Unit: $383,333
• Square Footage: 3,300
• Price per Square Foot: $348
• Address: 1242 Hancock St., Bushwick, Brooklyn
• Market: Bushwick, Brooklyn

The buyer of the property was Unicorn Properties Group, represented by Enrico Ferri. The seller was Desmond Hutchinson. The transaction was facilitated by Marcel Fridman of The Barcel Group.

Unicorn Properties Group is actively seeking 1-5 unit properties in Brooklyn, Queens, and Manhattan. They are particularly interested in single and multi-unit properties for rehabilitation, condo-conversion, or residential development with a minimum of 20,000 buildable square feet. For more information, interested parties can reach out to Enrico Ferri, the Senior Director of Real Estate Acquisitions, at 917-905-8940 or [email protected]. Unicorn Properties Group is located at 426 Lafayette Ave., Brooklyn, NY 11238.