Spacious Bushwick Two-Family
For Sale
$1,700,000
Pending
1205 Hancock St, Brooklyn, NY 11221
Two-family home with finished basement, yard, and garden.
Property Size2,565 SF
Lot Size0.04 Acres
Days on Market335
Property Features for 1205 Hancock St
General Information
Standard status
Pending
Size
2,565 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,839
Building Details
Building Size
2,565 SF
Year Built
1910
Stories
2
Listing Agency:
Citadel Circle Realty
Listed By:
Donaree Brown
(718) 717-8251
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:33AM
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 Citadel Circle Realty
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Investment Insights
Based on property information with market context.
This spacious two-family home is located in the Bushwick neighborhood. The property includes three floors and a full finished basement that spans the entire length of the home. The residence contains a total of six bedrooms, three bathrooms, and three kitchens. The front yard features a sitting area. The backyard provides a space for relaxation and includes a vegetation garden.
Key Highlights
- Spacious 2‑family home, ideal for investors or multi‑generational living.
- Features 6 bedrooms and 3 bathrooms, accommodating large families or tenants.
- Includes 3 kitchens, offering flexibility for separate living spaces or rental units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,831
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,796,620
$1.8M
Cap Rate 7%
$1,283,300
$1.3M
Cap Rate 9%
$998,122
$998.1K
Market Conditions
NOI Build-Up for 2,565 SF
Gross rent
$130.8K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$128.3K $50.03/SF
− OpEx
−$38.5K −$15.01/SF
NOI
$89.8K $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%
$1,796,620
Cap Rate 7%
$1,283,300
Cap Rate 9%
$998,122
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.50M
NOI $89,831 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$1.12M
$978.8K – $1.31M
NOI $78,307 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$2.12M
$1.86M – $2.48M
NOI $148,667 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,459
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with finished basement, yard, and garden.
Where is this duplex located?
The property is located at 1205 Hancock St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Spacious 2‑family home, ideal for investors or multi‑generational living.; Features 6 bedrooms and 3 bathrooms, accommodating large families or tenants.; Includes 3 kitchens, offering flexibility for separate living spaces or rental units.
