Rent-Stabilized Multifamily
For Sale
$2,295,000
236 Hancock Street, Brooklyn, NY 11216
The fully occupied residential building is paired with an adjacent development parcel in Brooklyn’s Bedford-Stuyvesant neighborhood.
Property Size2,880 SF
Price / SF$796.88
Days on Market10
Property Features for 236 Hancock Street
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Asking Price
$2,395,000
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$24,051
Building Details
Building Size
2,880 SF
Year Built
1900
Listing Agency:
Compass
Listed By:
KEITH E FRAZIER
(917) 753-4315
Source:
Penrealty
Added: Oct 1
Changed: Oct 10
Last Checked: Oct 10 at 2:40AM
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 Compass
Investment Insights
Based on property information with market context.
At 236 Hancock Street, this 1900-built multifamily property combines a fully occupied, rent-stabilized residential building with an adjacent development parcel. The two components are offered together in Bedford-Stuyvesant, Brooklyn.
The property has a Walk Score of 87, a Bike Score of 88, and a Transit Score of 100.
The property has a Walk Score of 87, a Bike Score of 88, and a Transit Score of 100.
Key Highlights
- Fully occupied, rent‑stabilized multifamily building
- Adjacent development parcel included
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,923
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,758,460
$1.8M
Cap Rate 7%
$1,256,043
$1.3M
Cap Rate 9%
$976,922
$976.9K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$163.1K $56.64/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$159.9K $55.51/SF
− OpEx
−$71.9K −$24.98/SF
NOI
$87.9K $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%
$1,758,460
Cap Rate 7%
$1,256,043
Cap Rate 9%
$976,922
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,923 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.38M
$2.09M – $2.78M
NOI $166,925 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
6,055
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The fully occupied residential building is paired with an adjacent development parcel in Brooklyn’s Bedford-Stuyvesant neighborhood.
Where is this multifamily property located?
The property is located at 236 Hancock Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Fully occupied, rent‑stabilized multifamily building; Adjacent development parcel included; Built in 1900
