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
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