$1,499,000
Updated 7 years ago
Sold

1276 Hancock Street

Bushwick, Brooklyn | Wilson Ave & Knickerbocker Ave

10 Rooms4 Beds3 Baths2,650 Square FeetMulti-Family

$1,499,000
floors / apts3 / 3
Lot Size20'x100'
Built Size20'x53'
ZoneR6
Building TypeTownhouse
RE Taxes$3,888
Price Per SF
$566

This property was sold for $1,170,000 on 01/06/20.

Building Amenities

  • Gated Entry

Property Description for 1276 Hancock Street

Tremendous opportunity to transform this historic townhouse into the primary home of your dreams and/or an investment of a potential 6% CAP in a flourishing section of Bushwick, Brooklyn. Built in 1899, this three-family brownstone is ideally situated along a tranquil tree-lined section of Bushwick and a short distance to Irving Square Park and Bushwick Playground. Close proximity to mass transit with Halsey Street Station (L Train) and Myrtle-Wyckoff Avenue Station (L & M Train) nearby as well as Multiple NYC Buses (B13, B26, B52, B54, Q56, Q58). The property is priced significantly lower than comparable properties in the area to allow the new owner to develop the property into an incredible home, as well as an income producing opportunity. Low annual taxes of $3,898.00, coupled with the opportunity for high disposable income from the local booming rental market. Current property size is 2,650 Square Feet (Three Floors plus Basement) on a 2,000 Square feet lot (20 Feet by 100 Feet). Unused FAR and Additional air rights available with the property! Currently occupied by the owner, the property will be delivered vacant.

Building Details for 1276 Hancock Street

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

Transit and Citi Bike

Subway

Halsey St
0.35 miles
Wilson Av
0.43 miles
Myrtle-Wyckoff Avs
0.46 miles

Citi Bike

Knickerbocker Ave & Hancock St
0.05 miles
Knickerbocker Ave & Halsey St
0.09 miles

Contact Agent

Contact Agent

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

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: 76553TH