Two-Family Townhouse with
789 Hancock Street Brooklyn, NY 11233
For Sale
$1,375,000
Two-family townhouse configured as an owner duplex with garden access and an additional top-floor 1-bedroom rental.
Property Size2,000 SF
Price / SF$687.50
Days on Market293
Property Features for 789 Hancock Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1901
Listing Agency:
Compass
(347) 264-1515
Listed By:
Noel Borbon · License #10401258856
(347) 264-1515
Source:
Compass
Added: Oct 5, 2025
Changed: Jul 22
Last Checked: Jul 23 at 10:48AM
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.
This two-family townhouse is configured as an owner’s duplex with shared entry access. The garden and parlor floors provide the owner’s 3-bedroom, 2-bath apartment, with access to the backyard and basement. The garden level includes a full bathroom, laundry, living area, and a large kitchen that opens to the backyard. The parlor level features multiple bedrooms, a full bathroom, and faces south for abundant natural light.
The top floor is currently arranged as a 1-bedroom floor-through rental with a large walk-in closet. The property also includes a well-kept backyard.
As presented, the building offers separate living arrangements within one structure, combining an owner-occupied duplex layout with an additional rental unit.
The top floor is currently arranged as a 1-bedroom floor-through rental with a large walk-in closet. The property also includes a well-kept backyard.
As presented, the building offers separate living arrangements within one structure, combining an owner-occupied duplex layout with an additional rental unit.
Key Highlights
- Two‑family townhouse built in 1901, currently configured as an owner duplex plus a top‑floor 1‑bedroom rental
- Owner’s unit includes 3 bedrooms and 2 full baths with access to the backyard and basement
- Garden level features a full bathroom, laundry, living area, and large kitchen that leads to the backyard
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.0k | $51.00 |
| − Vacancy | −$1.9k | −$0.97 |
| EGI | $100.1k | $50.03 |
| − OpEx | −$30.0k | −$15.01 |
| NOI | $70.0k | $35.02 |
2,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.5K – $1.17M
NOI $70,043 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$872.3K
$763.2K – $1.02M
NOI $61,058 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family townhouse configured as an owner duplex with garden access and an additional top-floor 1-bedroom rental.
Where is this duplex located?
The property is located at 789 Hancock Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Two‑family townhouse built in 1901, currently configured as an owner duplex plus a top‑floor 1‑bedroom rental; Owner’s unit includes 3 bedrooms and 2 full baths with access to the backyard and basement; Garden level features a full bathroom, laundry, living area, and large kitchen that leads to the backyard
