Partially Rent-Stabilized MultiFamily at 1333 Hancock St.
$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.