1354 Hancock St, Brooklyn, NY 11237

Property Description

The Corcoran Group has been exclusively retained to market and sell 1354 Hancock Street, a six-unit, fully rent-stabilized multifamily building in Bushwick, Brooklyn, 11237. Offered at a price reflecting a 6.40% capitalization rate, this property presents an opportunity to acquire an income-producing multifamily asset in one of Brooklyn's most sought-after neighborhoods. Built in 1906, the three-story building measures approximately 25 feet by 65 feet and sits on a regular 25-by-100-foot lot totaling 2,500 square feet. The property contains approximately 4,875 square feet of residential space across six apartments, all of which are rent stabilized. Each apartment features a three-bedroom railroad-style layout, with rooms running continuously from front to back and natural light at both ends. The property is zoned R6 and falls within Tax Class 2A. Situated on a residential, tree-lined block, the building features an attractive facade with arched windows and a gated front entry. The property is conveniently located near Bushwick's restaurants, cafes, shops, and public transportation. An opportunity to acquire a six-unit, fully stabilized multifamily asset with a 6.40% cap rate in a well-established Brooklyn neighborhood. Please contact Victor for additional details and to schedule a showing.