10-Unit Apartment
For Sale
$1,950,000
155 Hancock Street, Brooklyn, NY 11216
Unit mix includes five one-bedroom and five two-bedroom apartments.
Property Size4,500 SF
Price / SF$433.33
Days on Market1689
Property Features for 155 Hancock Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Multi Family
Units
Unit Mix
5 x 1BR, 5 x 2BR
Multifamily Units
10
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,352
Amenities
No, No, None
Square Feet, 20x100
See Remarks
Other, Public
30
No Common Walls
Square Feet
Other/See Remarks
No
Other
Building Details
Year Built
1900
Buildings
1
Listing Agency:
5 Boro Realty Corp
Listed By:
Natalie Efraimov · License #10401332996
(855) 305-3325
Source:
Compass
Added: Mar 16, 2022
Changed: Oct 26
Last Checked: Oct 28 at 10:59AM
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 5 Boro Realty Corp
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Investment Insights
Based on property information with market context.
Located at 155 Hancock Street in Brooklyn’s Bedford-Stuyvesant neighborhood, this 4,500-square-foot multifamily building contains 10 apartments: five one-bedroom units and five two-bedroom units. The property was built in 1900.
Apartment interiors include contemporary appliances, updated-style fixtures, storage space, open layouts, and large windows that bring in natural light. The building is positioned near public transportation, with cafes, restaurants, boutiques, and parks in the surrounding neighborhood.
Apartment interiors include contemporary appliances, updated-style fixtures, storage space, open layouts, and large windows that bring in natural light. The building is positioned near public transportation, with cafes, restaurants, boutiques, and parks in the surrounding neighborhood.
Key Highlights
- 10 apartments with five one‑bedroom and five two‑bedroom units
- 4,500 square feet of multifamily building area
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,380
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,747,600
$2.7M
Cap Rate 7%
$1,962,571
$2.0M
Cap Rate 9%
$1,526,444
$1.5M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$254.9K $56.64/SF
− Vacancy
−$5.1K −$1.13/SF
EGI
$249.8K $55.51/SF
− OpEx
−$112.4K −$24.98/SF
NOI
$137.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,747,600
Cap Rate 7%
$1,962,571
Cap Rate 9%
$1,526,444
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,380 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
5,956
Businesses Nearby
Explore this area
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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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?
Apartment building - Unit mix includes five one-bedroom and five two-bedroom apartments.
Where is this apartment building located?
The property is located at 155 Hancock Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 10 apartments with five one‑bedroom and five two‑bedroom units; 4,500 square feet of multifamily building area; Built in 1900
