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659 Hancock Street
Bedford Stuyvesant, Brooklyn | Malcolm X Blvd & Patchen Ave
5 Beds3.5 Baths3,100 Square FeetMulti-Family
$1,250,000
$1,250,000
Updated 8 years ago
Off Market

659 Hancock Street

Bedford Stuyvesant, Brooklyn | Malcolm X Blvd & Patchen Ave

5 Beds3.5 Baths3,100 Square FeetMulti-Family

$1,250,000
floors / apts3 / 3
Lot Size19'x100'
Built Size19'x45'
ZoneR6B
Building TypeTownhouse
RE Taxes$3,371
Price Per SF
$403

Listing Features

  • Gas Heat

Outdoor space and views

  • Backyard
  • Garden
  • Patio

Building Amenities

  • Voice Intercom
  • Garden
  • Gated Entry
  • Laundry Room
  • Second Entry
  • Stoop Entry

Property Description for 659 Hancock Street

ONE Commercial Realty Services has been retained on an exclusive basis for the sale of 659 Hancock Street. The subject property is a townhouse building located on the north side of Hancock Street between Malcolm X Blvd and Patchen Avenue in Stuyvesant Heights, Brooklyn. The structure comprises of 2,400 SF with DOB approve plans for five (5) residential units. The DOB approved plans allow for an additional 1,400 SF of air rights. The building is currently configured as a (3) three family and will be delivered vacant. Investors have the opportunity to upgrade the building into five residential units and achieve market rents as high as $40.00/net SF. The property is half a mile away from the prime commercial corridors such as Fulton Street and Broadway. The building is in close proximity to the A & C subway lines on Utica Avenue and Fulton Street as well as a number of bus routes that canvas the area. Additionally, due to the upcoming shut down of the L subway line in early 2019, many residents that rely on the train are moving south to Bedford, Stuyvesant Heights and Ocean Hill further strengthening the rents in these sub-markets.

Listing History for 659 Hancock Street

Now
01/08/2019
POM by Stephen Ramkelawan
One Commercial Realty Services
2019
Load More

Building Details for 659 Hancock Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

Utica Av
0.41 miles
Gates Av
0.46 miles

Citi Bike

Hancock St & Malcolm X Blvd
0.03 miles
Jefferson Ave & Patchen Ave
0.15 miles

Contact Agent

Contact Agent

Stephen Ramkelawan
One Commercial Realty Services

Bedford Stuyvesant | Brooklyn

Quick Profile

Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood. 

Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue. 

At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces. 

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posted on October 16, 2019
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 52834TH
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