Renovated Three-Unit
For Sale
Contact for pricing
1066 Hancock St, Brooklyn, NY 11221
R6-zoned residential property in Bushwick with free-market status.
Property Size3,300 SF
Price / SF$604.55
Days on Market191
Property Features for 1066 Hancock St
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Multifamily
Zoning
R6
Occupancy
100%
Net Operating Income
$118,282
Additional Details
Multifamily Units
3
Building Details
Year Renovated
2019
Buildings
1
Stories
3
Units
3
Listing Agency:
Matthews
Listed By:
DJ Johnston · License #10401229409
Source:
Crexi
Added: Apr 16
Changed: Oct 21
Last Checked: Oct 23 at 3:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1066 Hancock St in Brooklyn’s Bushwick area, this triplex property contains three residential units within approximately 3,300 square feet. The building has undergone renovation and operates as a free-market multifamily property.
The property carries R6 zoning and is identified with the 11221 ZIP code. Its three-unit configuration provides a defined residential income layout within a Brooklyn multifamily asset.
The property carries R6 zoning and is identified with the 11221 ZIP code. Its three-unit configuration provides a defined residential income layout within a Brooklyn multifamily asset.
Key Highlights
- Three‑unit residential configuration
- Approximately 3,300 square feet of property size
- Renovated multifamily property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,572
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,311,440
$2.3M
Cap Rate 7%
$1,651,029
$1.7M
Cap Rate 9%
$1,284,133
$1.3M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$168.3K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$165.1K $50.03/SF
− OpEx
−$49.5K −$15.01/SF
NOI
$115.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,311,440
Cap Rate 7%
$1,651,029
Cap Rate 9%
$1,284,133
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,572 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - R6-zoned residential property in Bushwick with free-market status.
Where is this triplex located?
The property is located at 1066 Hancock St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Three‑unit residential configuration; Approximately 3,300 square feet of property size; Renovated multifamily property
