Vacant 6-Unit Brownstone at 368 Hancock Street
FOR SALE
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$1,900,000
368 Hancock Street, Brooklyn, NY 11216
3,200 SF
Square Feet
$594
PPSF
6
Units
300.0K
PPU
Property Description
Units
6 — PPU: 300.0K
- Vacant-delivery, 6-unit brownstone in prime Bed–Stuy
- Rare redevelopment opportunity with 3,500 SF of gross potential
- Attractive basis at $287 per buildable SF
- Clear condo play with projected ~24% developer profit on sellout
- Strong Bed–Stuy brownstone resale comps supporting condo pricing around $1,300–$1,350/SF
Property Details
Asset Type
MultiFamily
Zoning
R6B
Lot Size
1,750 SF
Neighborhood
Stuyvesant Heights
Submarket
Brooklyn
ZIP
11216
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$108,084
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$9,007
Annual Debt Service
$108,084
View on Map
Address
368 Hancock Street
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Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
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