Brooklyn Multi-Family Property in
1431 Hancock Street Brooklyn, NY 11237
For Sale
$1,348,000
Pending
MULTI_FAMILY - Brooklyn, NY
Property Size3,300 SF
Lot Size0.05 Acres
Days on Market121
Property Features for 1431 Hancock Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
2
Rooms
Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 7, Bedroom 1
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Basement
Partial, Walk-Out Access
Standard status
Pending
APN
03393-0066
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4350
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1910
Number of units
2
Building materials
Brick
Listing Agency:
Mitra Hakimi Realty Group LLC
(718) 268-5588
Listed By:
Etan Hakimi
(718) 268-5588
Added: Mar 30
Changed: Jul 17
Last Checked: Jul 28 at 12:06PM
MLS# 976919
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the heart of Bushwick, Brooklyn, 1431 Hancock Street is a multi-level property featuring approximately 3,300 square feet of interior space within a 20x55 building. The well-maintained multi-family building is situated in an area known for its strong rental demand, vibrant culture, and continued appreciation. The property features spacious interiors, high ceilings, and large windows that allow for abundant natural light, creating bright and comfortable living spaces. The units offer well-proportioned bedrooms, functional kitchens, and inviting common areas. The property's condition reflects consistent upkeep, offering a strong foundation for immediate occupancy with the potential for future value enhancement. The first floor features a railroad-style layout with three bedrooms, offering a flexible configuration. The second floor expands on this with a four-bedroom railroad-style layout, maximizing the property's residential potential. A partially finished basement provides additional usable space ideal for storage, recreation, or future customization. The property is located in a neighborhood recognized for its thriving arts scene, including the Bushwick Collective murals. Residents enjoy easy access to an eclectic mix of cafes, restaurants, and nightlife, ranging from trendy eateries to long-standing local favorites. The lot size is 0.0459 acres.
Key Highlights
- Approx. 3,300 SF interior space in a 20x55 multi‑level multi‑family building at 1431 Hancock St (Bushwick).
- Brick construction with year built 1910 and natural gas heating.
- First floor includes a bedroom and a full bath plus an eat‑in kitchen; railroad‑style 3‑bedroom layout.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.3k | $51.00 |
| − Vacancy | −$3.2k | −$0.97 |
| EGI | $165.1k | $50.03 |
| − OpEx | −$49.5k | −$15.01 |
| NOI | $115.6k | $35.02 |
3,300 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,572 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 7.47%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Multi-family property in vibrant Bushwick with strong rental demand.
Where is this duplex located?
The property is located at 1431 Hancock Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,348,000.
What are key features of this property?
This property features: Approx. 3,300 SF interior space in a 20x55 multi‑level multi‑family building at 1431 Hancock St (Bushwick).; Brick construction with year built 1910 and natural gas heating.; First floor includes a bedroom and a full bath plus an eat‑in kitchen; railroad‑style 3‑bedroom layout.
