Brooklyn Multi-Family Property in Bushwick

1431 Hancock Street Brooklyn, NY 11237

Pending

$1,348,000

MULTI_FAMILY - Brooklyn, NY

Property size:

3,300 SF

Lot size:

0.05 Acres

Pending

$1,348,000

MULTI_FAMILY - Brooklyn, NY

Property size:

3,300 SF

Lot size:

0.05 Acres

Added:: Mar 30, 2026
Days on Market:: 103
Last Refresh:: Jul 10 at 7:06 pm

Property Features for 1431 Hancock Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 7
Bathrooms: 2
Rooms: Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 7, Bedroom 2, Basement, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 6
Interior features: First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Basement: Walk-Out Access, Partial
Standard status: Pending
APN: 03393-0066
Size: 3,300 SF
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 agent Etan Hakimi

Listing office Mitra Hakimi Realty Group LLC 62 Berkshire Rd, Forest Hills, NY

Listing date Mar 30, 2026

MLS# 976919 Listing URL

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

~3,300 SF multi‑family property at 1431 Hancock Street with a 20x55 building size
Brick construction with natural gas heating
Public water and public sewer

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $115,572 @ 7.0% cap · market cap 8.57%

Second Best

Apartment 5plus

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,746 @ 7.0% cap · market cap 7.47%

Theoretical Best

Specialty Retail

$2.73M

$2.39M – $3.19M (±1% cap)

NOI $191,268 @ 7.0% cap · market cap 14.19%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
NY
Brooklyn
11237
1431 Hancock Street

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: ~3,300 SF multi‑family property at 1431 Hancock Street with a 20x55 building size; Brick construction with natural gas heating; Public water and public sewer

1431 Hancock Street Brooklyn, NY 11237

MULTI_FAMILY - Brooklyn, NY

Property Features for 1431 Hancock Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

New Retail Condo with Indoor Parking

Retail Storefront with Operating Dry Cleaner

First-Floor and Cellar Commercial Condo

NNN Retail Strip with Parking

Storefront Condo with Parking

Retail and Office Building

Corner Medical Suite with Private Entrance

Turn-Key Supermarket Business Opportunity

Established Supermarket Business For Sale

Brooklyn Mixed-Use Investment Opportunity

Incomplete Renovation Church Conversion

Ground-Level Retail Storefront with Parking

FAQs