Two-Bedroom Residential Income
For Sale
$1,800,000
168 Hancock Street 1, Brooklyn, NY 11216
Private outdoor areas, a finished lower level, and an in-unit washer and dryer complement the two-level layout.
Property Size2,184 SF
Price / SF$824.18
Days on Market25
Property Features for 168 Hancock Street 1
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,148
Building Details
Building Size
2,184 SF
Year Built
1899
Listing Agency:
Corcoran Group
Listed By:
Daniel Cohen · License #10401261296
(862) 823-2674
Source:
Irynaferenets
Added: Oct 6
Changed: Oct 26
Last Checked: Oct 30 at 5:49AM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This two-level, two-bedroom, two-bath residence contains 2,184 square feet, including a 709-square-foot lower level with a recreation room. The home has a private entrance, bay windows, and windows in every room. Its kitchen includes natural wood cabinetry, stone counters and backsplash, paneled Fisher & Paykel appliances, a vented range hood, and a movable island. The primary suite opens to the backyard; the second bedroom has an ensuite bath. Split-system heating and cooling and an in-unit washer and dryer are also included.
Private outdoor areas include a wide backyard with electricity and a water spigot, plus a 522-square-foot side yard. Multiple doors provide access to the outdoor space. The property is on Hancock Street in Brooklyn, near the A and C trains at Nostrand Avenue, a couple of blocks away. The surrounding block is described as having brownstones and mature trees.
Private outdoor areas include a wide backyard with electricity and a water spigot, plus a 522-square-foot side yard. Multiple doors provide access to the outdoor space. The property is on Hancock Street in Brooklyn, near the A and C trains at Nostrand Avenue, a couple of blocks away. The surrounding block is described as having brownstones and mature trees.
Key Highlights
- 2,184‑square‑foot residence with two bedrooms and two bathrooms
- Two‑level layout with a 709‑square‑foot lower‑level recreation room
- Private backyard with electricity and a water spigot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,675
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,333,500
$1.3M
Cap Rate 7%
$952,500
$952.5K
Cap Rate 9%
$740,833
$740.8K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$123.7K $56.64/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$121.2K $55.51/SF
− OpEx
−$54.6K −$24.98/SF
NOI
$66.7K $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%
$1,333,500
Cap Rate 7%
$952,500
Cap Rate 9%
$740,833
Alternative Uses
Best Use
Apartment 5plus
$952.5K
$833.4K – $1.11M
NOI $66,675 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.81M
$1.58M – $2.11M
NOI $126,585 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,055
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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Frequently Asked Questions
What type of property is this?
Residential income property - Private outdoor areas, a finished lower level, and an in-unit washer and dryer complement the two-level layout.
Where is this residential income property located?
The property is located at 168 Hancock Street 1 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 2,184‑square‑foot residence with two bedrooms and two bathrooms; Two‑level layout with a 709‑square‑foot lower‑level recreation room; Private backyard with electricity and a water spigot
