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280 Hancock Street

A MultiFamily Property At 280 Hancock Street Sold For $1.1M With Seller's Rep Lisa James, Chris Delcore & Anthony L. Morris
SOLDMultiFamily

A MultiFamily Property At 280 Hancock Street Sold For $1.1M With Seller's Rep Lisa James, Chris Delcore & Anthony L. Morris

280 Hancock Street

$1,100,000

$305/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

Jul 24, 2025

AI

8-unit MultiFamily property at 280 Hancock Street in Brooklyn, comprising 3,600 SF of living space. It sold for $1,100,000, equating to $137,500 per unit and $305 per SF. Market: Brooklyn.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,100,000
  • Date: 7/25/2025
  • Seller: Estate of Edgar Fletcher
  • Seller's Representative: Lisa James - The Corcoran Group
  • Seller's Representative: Chris Delcore - The Corcoran Group
  • Seller's Representative: Anthony L. Morris - The Corcoran Group

The deal's key individuals include Lisa James, Chris Delcore and Anthony L. Morris, all affiliated with The Corcoran Group, listed as seller representatives for the Estate of Edgar Fletcher.

Players

Anthony L. Morris

The Corcoran Group

Broker

$6.7M

vol

6 deals

Broker
The Corcoran Group
The Corcoran GroupBrokerage

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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93