Three-Family Residential
1139 Hancock St Brooklyn, NY 11221
1139 Hancock St, Brooklyn, NY, 11221
$1,200,000
For Sale
$1,200,000
Three-family income property with new sewer line and additional buildable area for an owner-architect plan.
Property Size2,700 SF
Price / SF$444.44
Days on Market13
Property Features for 1139 Hancock St
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing Agency
(917) 572-2583
Listed by
Delson Ronit Abraham
(917) 572-2583
Source
Elliman
Added: Jul 5 Checked: Jul 16 at 8:58 am
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 Delson Ronit Abraham
Investment Insights
Based on property information with market context.
This offering is for a three-family residential building in Brooklyn, configured as a triplex. The current built area is 2,700 sq. ft., with a maximum buildable area of 4,400 sq. ft. That leaves approximately 1,700 sq. ft. of additional buildable space. The sewer line is reported as new, supporting future renovation or expansion plans.
The property is offered together with 1098 Jefferson Avenue, and the two assets are being sold as a package. The listing notes that cash buyers only.
For tenants, the three-unit configuration can support diversified household occupancy within one building. For buyers and operators, the combination of an existing multi-family structure and remaining buildable area may appeal to an owner bringing an architect to evaluate renovation and expansion options. The property’s Walk Score of 82 and Transit Score of 84, along with a Bike Score of 70, indicate a walkable and transit-accessible setting for everyday commuting and errands.
The property is offered together with 1098 Jefferson Avenue, and the two assets are being sold as a package. The listing notes that cash buyers only.
For tenants, the three-unit configuration can support diversified household occupancy within one building. For buyers and operators, the combination of an existing multi-family structure and remaining buildable area may appeal to an owner bringing an architect to evaluate renovation and expansion options. The property’s Walk Score of 82 and Transit Score of 84, along with a Bike Score of 70, indicate a walkable and transit-accessible setting for everyday commuting and errands.
Key Highlights
- Three‑family income property at 1139 Hancock St, built in 1910
- Package sale with 1098 Jefferson Avenue for $2,550,000 (cash buyers only)
- Current built area: 2,700 sq. ft.; additional buildable area: 1,700 sq. ft.; max buildable area: 4,400 sq. ft.
Local 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 | $137.7k | $51.00 |
| − Vacancy | −$2.6k | −$0.97 |
| EGI | $135.1k | $50.03 |
| − OpEx | −$40.5k | −$15.01 |
| NOI | $94.6k | $35.02 |
2,700 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,559 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,428 @ 7.0% cap · market cap 6.87%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family income property with new sewer line and additional buildable area for an owner-architect plan.
Where is this triplex located?
The property is located at 1139 Hancock St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three‑family income property at 1139 Hancock St, built in 1910; Package sale with 1098 Jefferson Avenue for $2,550,000 (cash buyers only); Current built area: 2,700 sq. ft.; additional buildable area: 1,700 sq. ft.; max buildable area: 4,400 sq. ft.
