Three-Unit Historic
121 Hancock Street, Brooklyn, NY 11216
For Sale
$3,499,000
Residential Income, Brooklyn, NY
Property Size4,400 SF
Lot Size0.10 Acres
Price / SF$795.23
Days on Market210
Property Features for 121 Hancock Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Fireplace
Subdivision
Standard status
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
SAINT WALKER REALTY INC
Listed By:
Rudolph Walker
Added: Apr 15
Changed: Nov 8
Last Checked: Nov 10 at 5:06AM
MLS# 11738795
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,400-square-foot brownstone, built in 1890, is configured as a three-unit property with six bedrooms and three baths. The owner’s duplex is complemented by a two-bedroom upper rental and a one-bedroom garden unit with backyard access. Interior details include walnut wainscoting, white oak parquet with mahogany inlays, five slate or marble fireplaces, and an oak spiral staircase. Electrical service includes a 100-amp riser; the property also has updated plumbing, gas heat, and drainage.
The building is on Hancock Street in Bedford-Stuyvesant, between Nostrand and Bedford avenues. A and C train service on Fulton Street is two blocks away.
The building is on Hancock Street in Bedford-Stuyvesant, between Nostrand and Bedford avenues. A and C train service on Fulton Street is two blocks away.
Key Highlights
- 4,400‑square‑foot brownstone built in 1890
- Three‑unit layout: owner’s duplex, two‑bedroom upper rental, and one‑bedroom garden unit
- Six bedrooms and three baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,095
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,081,900
$3.1M
Cap Rate 7%
$2,201,357
$2.2M
Cap Rate 9%
$1,712,167
$1.7M
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$224.4K $51.00/SF
− Vacancy
−$4.3K −$0.97/SF
EGI
$220.1K $50.03/SF
− OpEx
−$66.0K −$15.01/SF
NOI
$154.1K $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%
$3,081,900
Cap Rate 7%
$2,201,357
Cap Rate 9%
$1,712,167
Alternative Uses
Best Use
Multifamily LT 5
$2.20M
$1.93M – $2.57M
NOI $154,095 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,327 @ 7.0% cap · market cap 3.84%
Theoretical Best
Specialty Retail
$3.64M
$3.19M – $4.25M
NOI $255,024 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,956
Businesses Nearby
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Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A three-unit Bedford-Stuyvesant brownstone combines period woodwork and parquet floors with updated electrical, plumbing, gas heat, and drainage.
Where is this triplex located?
The property is located at 121 Hancock Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: 4,400‑square‑foot brownstone built in 1890; Three‑unit layout: owner’s duplex, two‑bedroom upper rental, and one‑bedroom garden unit; Six bedrooms and three baths
