236 Hancock St, Brooklyn, NY 11216

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.