Updated Oct 10, 2026
1270 Hancock Holdings LLC Acquires Multifamily Property From 1270 Group LLC For $3.2M
1270 Hancock Street
$3,200,000
$753/SF
Building Size
4,246 SF
Asset Type
MultiFamily
Closing
Dec 19, 2019
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at 1270 Hancock Street, Brooklyn, NY. The total square footage of the building is 4,246, and it was sold for $3,200,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,200,000.00
- Address: 1270 Hancock Street
- Market: Brooklyn, NY
- Buyer: 1270 HANCOCK HOLDINGS LLC
- Seller: 1270 GROUP LLC
- Brokers: Yair Tavivian - Douglas Elliman & Ariel Tavivian - Douglas Elliman
- Date of Transaction: 12/19/2019
This transaction was facilitated by brokers Yair Tavivian and Ariel Tavivian, both from Douglas Elliman, who represented the respective parties in this deal. The transaction illustrates a strategic exchange between the involved parties within the Brooklyn real estate market.
On the Map
$3,200,000
$753/SF
MultiFamily
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Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93