$1,995,000
Updated 6 years ago
Sold

1223 Hancock Street

Bushwick, Brooklyn | Central Ave & Wilson Ave

10 Rooms5 Beds5.5 Baths3,000 Square FeetMulti-Family

$1,995,000
floors / apts2 / 3
Lot Size20'x100'
Built Size20'x45'
ZoneR6
Building TypeTownhouse
RE Taxes$3,372
Price Per SF
$665

This property was sold for $1,900,000 on 10/23/20.

Outdoor space and views

  • Terrace
  • Garden Views

Property Description for 1223 Hancock Street

The perfect investment, 1031 exchange or primary residence with extra rental income. Completely gut renovated legal 3 family building (like you’ve never seen in Bushwick). This 20 X 45 building sits on a 100 ft lot and offers 3 free market units fully occupied with excellent tenants. $114,000 rent roll. Solid 5% cap! Having undergone a complete renovation by an experienced and top level craftsman, each unit features custom kitchens with corian counter tops, walnut details, custom cabinetry, paneled top-of-the-line Samsung appliances and a built in vented LG washer/dryer. White oak flooring throughout, brush painted solid core doors and Baldwin hardware complete the package. Central air conditioning system seamlessly melds into the soaring ceiling height. With very low taxes and expenses, this multi family in booming Bushwick is a turn key investment. 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). Contact us for a set up.

Listing History for 1223 Hancock Street

Now
10/23/2020
$1,900,000
Sold and Closed by Esther Patten
Compass
07/23/2020
Contract Signed by Esther Patten
Compass

Building Details for 1223 Hancock Street

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts2/3
Learn More About the Building

Transit and Citi Bike

Subway

Wilson Av
0.46 miles
Halsey St
0.46 miles
Halsey St
0.48 miles

Citi Bike

Central Ave & Weirfield St
0.11 miles
Knickerbocker Ave & Hancock St
0.15 miles

Contact Agents

Contact Agents

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: 76735TH