Two-Family
New
For Sale
$1,499,000
Pending
827 Hancock St, Brooklyn, NY 11233
A three-story residence combines an owner’s three-bedroom duplex with a separate two-bedroom apartment and backyard.
Property Size2,280 SF
Days on Market6
Property Features for 827 Hancock St
General Information
Standard status
Pending
Size
2,280 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,152
Building Details
Building Size
2,280 SF
Year Built
1899
Buildings
1
Stories
2
Construction
brownstone
Listing Agency:
Re/Max Real Estate Professiona
Listed By:
Lana Headley · License #10301207675
(718) 532-2000
Source:
Elliman
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 28 at 8:19AM
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 Re/Max Real Estate Professiona
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Investment Insights
Based on property information with market context.
Built in 1899, this three-story brownstone contains two residences. The owner’s lower duplex has three bedrooms, two full bathrooms, a living room with a decorative fireplace, an eat-in kitchen, pantry, and storage. Above, the two-bedroom apartment has a separate kitchen, living and dining areas, an updated full bathroom, recessed lighting, vinyl flooring, and Andersen windows. Roof access is also available from this apartment.
Original interior details include pocket doors, wood shutters, crown moldings, ceiling medallions, wainscoting, decorative fireplaces, and carved wood fretwork. The property also includes a semi-finished basement with utility and storage areas, a backyard, an alarm system, and a Ring doorbell. The hot water tank and sewer line are two years old. Delivery can be vacant.
J/Z and A/C train service and MTA buses are nearby, along with cafés, restaurants, shops, and schools. The property has a Walk Score of 92, Transit Score of 98, and Bike Score of 67.
Original interior details include pocket doors, wood shutters, crown moldings, ceiling medallions, wainscoting, decorative fireplaces, and carved wood fretwork. The property also includes a semi-finished basement with utility and storage areas, a backyard, an alarm system, and a Ring doorbell. The hot water tank and sewer line are two years old. Delivery can be vacant.
J/Z and A/C train service and MTA buses are nearby, along with cafés, restaurants, shops, and schools. The property has a Walk Score of 92, Transit Score of 98, and Bike Score of 67.
Key Highlights
- Two‑family, three‑story brownstone built in 1899
- Owner’s lower duplex has 3 bedrooms and 2 full bathrooms
- Separate 2‑bedroom apartment with roof access, updated bathroom, and Andersen windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,849
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,980
$1.6M
Cap Rate 7%
$1,140,700
$1.1M
Cap Rate 9%
$887,211
$887.2K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$116.3K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$114.1K $50.03/SF
− OpEx
−$34.2K −$15.01/SF
NOI
$79.8K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,980
Cap Rate 7%
$1,140,700
Cap Rate 9%
$887,211
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$998.1K – $1.33M
NOI $79,849 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$994.4K
$870.1K – $1.16M
NOI $69,606 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,149 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,662
Businesses Nearby
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Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A three-story residence combines an owner’s three-bedroom duplex with a separate two-bedroom apartment and backyard.
Where is this duplex located?
The property is located at 827 Hancock St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Two‑family, three‑story brownstone built in 1899; Owner’s lower duplex has 3 bedrooms and 2 full bathrooms; Separate 2‑bedroom apartment with roof access, updated bathroom, and Andersen windows
