Updated Oct 10, 2026
Bernard And Sheryl Gifford Purchase Multifamily Property At 61 Hancock Street For $2,400,000
61 Hancock Street
$2,400,000
$666/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Feb 4, 2019
About this deal
AI
The property asset involved in the transaction is a MultiFamily dwelling located at 61 Hancock Street in Brooklyn, NY, with a square footage of 3,600. The transaction was completed for a price of $2,400,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,400,000.00
- Address: 61 Hancock Street
- Market: Brooklyn, NY
- Asset Square Footage: 3,600
- Buyer: Bernard Gifford, Sheryl Gifford
- Seller: 61 HANCOCK PROPERTIES LLC
- Broker Representatives: Yair Tavivian - Douglas Elliman & Ariel Tavivian - Douglas Elliman
This transaction involved buyers Bernard Gifford and Sheryl Gifford, who acquired the property from 61 HANCOCK PROPERTIES LLC. The deal was facilitated by the brokerage firm Douglas Elliman, represented by brokers Yair Tavivian and Ariel Tavivian.
On the Map
$2,400,000
$666/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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93