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1066 Hancock St 3 Unit Apartment Building $2,748,113 CAD ($916,038 CAD/Unit) 5.93% Cap Rate Brooklyn, NY 11221
Investment Highlights
- Fully Renovated: The building underwent a full gut renovation in 2019, with all new floors, windows, and high end finishes throughout.
- Owner User Opportunity: Finishes, garden access, neighborhood, and transit oriented location make this an ideal candidate for an owner/user/investor.
- Cashflow + Upside: Currently grossing $148K / year, with natural upside as Bushwick continues to appreciate.
- Fully Free Market: The property has no history of rent regulation.
- Investment Opportunity: Fully occupied and cashflowing on 12 month leases.
- Highly Efficient: Each renovated unit is responsible for their own utilities.
Executive Summary
Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, LLC
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, LLC
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
| Price | $2,748,113 CAD | Building Class | C |
| Price Per Unit | $916,038 CAD | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 2,880 SF |
| Cap Rate | 5.93% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1915/2019 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R6 | ||
| Price | $2,748,113 CAD |
| Price Per Unit | $916,038 CAD |
| Sale Type | Investment |
| Cap Rate | 5.93% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,880 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1915/2019 |
| Opportunity Zone |
Yes |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03395-0021 | Improvements Assessment | $70,856 CAD |
| Land Assessment | $19,728 CAD | Total Assessment | $90,584 CAD |
Property Taxes
Parcel Number
03395-0021
Land Assessment
$19,728 CAD
Improvements Assessment
$70,856 CAD
Total Assessment
$90,584 CAD
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1066 Hancock St
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