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Partially Rent-Stabilized MultiFamily at 1333 Hancock St.

Partially Rent-Stabilized MultiFamily at 1333 Hancock St.
FOR SALE

$1,250,000

1333 Hancock Street, Brooklyn, NY 11237

5,250 SF

Square Feet

$238

PPSF

6

Units

200.0K

PPU

6.69%

CAP

Property Description

Units

6 — PPU: 200.0K

NOI

$83,574

Cap Rate

6.69%

The opportunity to own a partially rent-stabilized, three-story multifamily property in the heart of Bushwick at 1333 Hancock Street. Spanning approximately 5,250 square feet on a 25-by-100-foot lot, this six-unit building includes five rent-stabilized apartments and one free-market unit. Situated near Irving and Knickerbocker Avenues, the property enjoys close proximity to neighborhood amenities, dining, and transportation options.


Built on a 25-by-70-foot footprint, 1333 Hancock Street falls under Tax Class 2A and carries an annual tax bill of approximately $12,346. The Bushwick location contributes both convenience and potential long-term appreciation. With its partially stabilized status, this offering presents an attractive balance of steady rental income and the opportunity to tap into the neighborhood’s evolving market.


Property Details

Asset Type

MultiFamily

Year Built

1920

Zoning

R6

Lot Size

2,500 SF

Neighborhood

Bushwick

Submarket

Brooklyn

ZIP

11237

Renovated

2012

Listing Type

sale

Net Operating Income (NOI)

$132,591

Debt Service Coverage Ratio (DSCR)

1.86x

Cap Rate

10.61%

Cash Flow (Annual)

$61,483

Cash-on-Cash Return

19.67%

Monthly Debt Service

$5,926

Annual Debt Service

$71,108

View on Map

Address

1333 Hancock Street

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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

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Isaiah Thomas

Isaiah Thomas

Director

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Peter Matheos

Peter Matheos

Founder & CEO

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Isaiah Thomas

Isaiah Thomas

Director

18 closed

Call
Peter Matheos

Peter Matheos

Founder & CEO

21 closed

Call