Updated 7 years ago
Off Market
132 Hancock Street
Bedford Stuyvesant, Brooklyn | Bedford Ave & Nostrand Ave
3,600 Square FeetRental Property
$2,599,000
floors / apts4 / 6
Lot Size20'x100'
Built Size20'x45'
ZoneR6B
Building TypeTownhouse
RE Taxes$3,636
Price Per SF
$722
Building Amenities
- Voice Intercom
- Gated Entry
- Stoop Entry
Property Description for 132 Hancock Street
132 Hancock Street is a six family brownstone delivered vacant, and ready to be turned into a very high income rental property.
Located on perhaps the most desirable block in Bed Stuy, Hancock Street between Nostrand and Bedford Avenue.
Needs cosmetic upgrades but has excellent bones. This particular block of Hancock Street has seen multiple owner occupied residences at $3M+, making 132 Hancock an ideal investment property, superb for 1031 investors or developers. As a rental property, it will earn approximately $200K gross, for a solid capitalization rate of at least 5+ %.
Conveniently located in prime Bedford-Stuyvesant, 132 Hancock is 0.2 miles from the AC lines at Nostrand, 0.3 miles from the C and Shuttle line at Franklin, 0.3 miles from the LIRR at Nostrand and 0.6 miles from the G at Bedford-Nostrand. You'll be charmed by the culture and culinary options at your fingertips, including Alice's Arbor, Joloff, Dough, Doris, the Brooklyn Children's Museum and the Brooklyn Public Library.
Located on perhaps the most desirable block in Bed Stuy, Hancock Street between Nostrand and Bedford Avenue.
Needs cosmetic upgrades but has excellent bones. This particular block of Hancock Street has seen multiple owner occupied residences at $3M+, making 132 Hancock an ideal investment property, superb for 1031 investors or developers. As a rental property, it will earn approximately $200K gross, for a solid capitalization rate of at least 5+ %.
Conveniently located in prime Bedford-Stuyvesant, 132 Hancock is 0.2 miles from the AC lines at Nostrand, 0.3 miles from the C and Shuttle line at Franklin, 0.3 miles from the LIRR at Nostrand and 0.6 miles from the G at Bedford-Nostrand. You'll be charmed by the culture and culinary options at your fingertips, including Alice's Arbor, Joloff, Dough, Doris, the Brooklyn Children's Museum and the Brooklyn Public Library.
Listing History for 132 Hancock Street
Now
07/08/2016
POM by Alexander Maroni
Douglas Elliman
04/11/2016
$2,599,000
Initial Price by Alexander Maroni
Douglas Elliman
Building Details for 132 Hancock Street
OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts4/6
Transit and Citi Bike
Subway
Nostrand Av
0.12 miles
Franklin Av
0.3 miles
Railroad
Nostrand AvenueLong Island Rail Road
0.29 miles
Citi Bike
Macon St & Nostrand Ave
0.09 miles
Putnam Ave & Nostrand Ave
0.13 miles
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.
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: 64033TH
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