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Listing Courtesy of Compass
$2,295,000
Est. payment /mo
7 Beds
7 Baths
2,880 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $796
Subdivision Bedford-Stuyvesant
MLS Listing ID RLS20118559
Bedrooms 7
Full Baths 7
HOA Y/N Yes
Year Built 1900
Annual Tax Amount $24,051
Property Sub-Type Multi Family
Property Description
Welcome to an Opportunity to Buy Well.
236 Hancock Street represents a rare acquisition for the discerning investor, situated in the vibrant heart of Bedford-Stuyvesant. This offering combines a stable, fully occupied rent-stabilized multifamily building with an adjacent development parcel, a pairing that defines exceptional rarity in today's market. The architecture delivers character and prestige, anchoring this asset in one of Brooklyn's most sought-after residential corridors.
The additional land creates a sprawling combined footprint, offering future flexibility that is nearly impossible to find in this prime location. Whether you maintain the existing income stream or pursue expansion and redevelopment, this asset offers a unique foothold in a high-barrier-to-entry market. Opportunities to acquire an income-producing building with additional land in this location are exceptionally limited.
Property Information
Asking Price: $2,395,000
Units: Seven (7) Legal Residential Apartments
Occupancy: Fully Occupied
Building Size: Approximately 2,880 Square Feet
Combined Lot Size: Approximately 4,560 Square Feet
Building Dimensions: 24' × 60'
Lot Dimensions: Approximately 38' × 120'
Stories: Four
Year Built: 1931
Zoning: R6B
Block: 1839
Lot: 5
Annual Real Estate Taxes: $24,051
Adjacent Development Parcel: Included in Sale
Financial information, rent roll, and due diligence materials are available upon request.
236 Hancock Street represents a rare acquisition for the discerning investor, situated in the vibrant heart of Bedford-Stuyvesant. This offering combines a stable, fully occupied rent-stabilized multifamily building with an adjacent development parcel, a pairing that defines exceptional rarity in today's market. The architecture delivers character and prestige, anchoring this asset in one of Brooklyn's most sought-after residential corridors.
The additional land creates a sprawling combined footprint, offering future flexibility that is nearly impossible to find in this prime location. Whether you maintain the existing income stream or pursue expansion and redevelopment, this asset offers a unique foothold in a high-barrier-to-entry market. Opportunities to acquire an income-producing building with additional land in this location are exceptionally limited.
Property Information
Asking Price: $2,395,000
Units: Seven (7) Legal Residential Apartments
Occupancy: Fully Occupied
Building Size: Approximately 2,880 Square Feet
Combined Lot Size: Approximately 4,560 Square Feet
Building Dimensions: 24' × 60'
Lot Dimensions: Approximately 38' × 120'
Stories: Four
Year Built: 1931
Zoning: R6B
Block: 1839
Lot: 5
Annual Real Estate Taxes: $24,051
Adjacent Development Parcel: Included in Sale
Financial information, rent roll, and due diligence materials are available upon request.
Location
State NY
County Kings
Interior
Furnishings Unfurnished
Fireplace No
Laundry See Remarks
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Multi Family
Story 3
New Construction No
Others
Tax ID 01839-0005
Ownership None
Monthly Total Fees $2, 004
Pets Allowed Building No, No
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RLS Data display by Anthony T Crews Real Estate Llc
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