A MultiFamily Property At 280 Hancock Street Sold For $1.1M With Seller's Rep Lisa James, Chris Delcore & Anthony L. Morris
SOLD
$1,100,000
New York
See Similar DealsMultiFamily3,600 SF
Sold 07/24/2025
SOLD
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
See Similar DealsMultiFamily3,600 SF
Sold 07/24/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$305
Total Square Footage:3,600 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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