Active

1091 Hancock Street

Brooklyn NY, 11221

$1,499,000


$764.80 per sqft

Active

7 Beds

4 Baths

1,960 sqft

Multi-family

Built in 1997

Are you an end user of developer looking for an investment opportunity in Bushwick? If so, welcome to Hancock Street which is situated in the heart of Bushwick! This impressive townhouse boasts over 2500 total square feet of living space, offering ample room for those who crave space and flexibility. Featuring a total of 10 rooms, which include 7 comfortable bedrooms and 5 total bathrooms, this property is perfect for an end user looking to live and collect rent to subsidize the mortgage. Starting from the bottom up, the first floor consists of another 2-bedroom, 1.5 bathroom apartment which is also occupied. The top floor consists of a 3-bedroom 1.5-bathroom apartment that is vacant and recently updated. The property's private outdoor space is plentiful and stretches from the front all the way around back were you'll find a huge backyard.

This property is also a great play for a developer as the subject is located within the R6 zoning district. This district currently holds a 2.43 as-of-right FAR, allowing for a total buildable square footage of approximately 6,000 SF. Therefore, a developer could build a new 8-unit rental or condominium building in the heart of Bushwick, making this an outstanding investment opportunity.

Bushwick is renowned for its vibrant arts scene and eclectic mix of local flavors. From captivating street art to chic dining spots, the neighborhood buzzes with energy and creativity. You're just a short stroll from coffee shops, bakeries, and unique boutiques, ensuring you'll never run out of adventures close to home. One of the best features of this property is its connectivity. With convenient access to nearby subways, commuting to NYC or exploring the broader Brooklyn area is a breeze. The L and J trains make your experience of the city seamless and enjoyable. Don't miss the opportunity to own or develop this prime Bushwick property.

487456

MLSⓇ ID

November 14, 2024

Listed

January 24, 2025

Updated

Map

1091 Hancock Street
Brooklyn NY, 11221

Interior Features

Total Stories

2


Bedrooms

7


Total Bathrooms

4


Full Bathrooms

3


Half Bathrooms

2


Appliances

Gas Water Heater, Refrigerator, Cooktop


Floor Description

Laminate, Tile


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Baseboard, Natural Gas

Exterior/Building Features

Lot Size

0.06 Acres


Roof

Shingle

Other Property Details

Area Name

Brooklyn


Taxes

$5,995


Tax Frequency

Annually


Days on Market

71


Garage

No


View

No


County

Kings


Pool

No


Zoning

R6

Listed by Gregory Valvo with Revived Residential
Listing Contact: 9293793750 

Based on information from Brooklyn Board of REALTORS®. Data last updated 1/24/2025. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Parkview Terrace Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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