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10-Family Building Listed at 155 Hancock Street Brooklyn

10-Family Building Listed at 155 Hancock Street Brooklyn
FOR SALE

$1,950,002

155 Hancock Street, Brooklyn, NY 11216

4,500 SF

Square Feet

$433

PPSF

10

Units

100.0K

PPU

6.70%

CAP

Property Description

Units

10 — PPU: 100.0K

NOI

$130,650

Cap Rate

6.70%

Welcome to 155 Hancock Street, a remarkable 10-family building located in the heart of Bedford-Stuyvesant, Brooklyn. This impressive property offers a total of 10 units, consisting of 5 one-bedroom apartments and 5 two-bedroom apartments, providing a diverse range of living options for residents. Each unit within this well-maintained building is thoughtfully designed to maximize comfort and functionality. The one-bedroom apartments offer a cozy and intimate living space, perfect for individuals or couples seeking a comfortable retreat. The two-bedroom apartments provide ample room for families or those desiring additional space for a home office or guest room. The building features modern amenities and finishes, ensuring a high standard of living for its residents. Each unit is equipped with contemporary appliances, stylish fixtures, and ample storage space. The open and airy layout of the apartments creates a welcoming atmosphere, while large windows allow for an abundance of natural light to fill the space. 155 Hancock Street is ideally situated in the vibrant neighborhood of Bedford-Stuyvesant, offering a plethora of amenities and conveniences right at your doorstep. From trendy cafes and restaurants to local boutiques and parks, residents will enjoy the best of Brooklyn living. Additionally, the building's proximity to public transportation provides easy access to the rest of the city, making commuting a breeze. Whether you're an investor looking for a lucrative opportunity or a tenant seeking a comfortable and convenient place to call home, 155 Hancock Street offers the perfect solution.


Property Details

Asset Type

MultiFamily

Year Built

1900

Zoning

R6A

Lot Size

2,000 SF

Neighborhood

Bedstuy

Submarket

Brooklyn

ZIP

11216

Renovated

2021

Listing Type

sale

Net Operating Income (NOI)

$207,277

Debt Service Coverage Ratio (DSCR)

1.87x

Cap Rate

10.63%

Cash Flow (Annual)

$96,349

Cash-on-Cash Return

19.76%

Monthly Debt Service

$9,244

Annual Debt Service

$110,928

View on Map

Address

155 Hancock Street

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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Nina Sabag

Nina Sabag

Corporate Broker

22 closed

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Nina Sabag

Nina Sabag

Corporate Broker

22 closed

Call