Two-Family Duplex with Roof
New
For Sale
$1,499,000
827 Hancock Street, Brooklyn, NY 11233
Residential, Brooklyn, NY
Property Size2,280 SF
Lot Size0.04 Acres
Price / SF$657.46
Days on Market1
Property Features for 827 Hancock Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3
Interior features
Fireplace, Refrigerator, Stove
Fireplace
1
Basement
Finished
Subdivision
Bedford Stuyvesant
Standard status
Active
Size
2,280 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5152
Amenities
roof access
backyard
basement
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Flooring type
Tile, Carpet
Building materials
Masonry
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Lana Headley · License #10301207675
(917) 882-2197
Added: Oct 13
Last Checked: Oct 13 at 10:06PM
MLS# 505289
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-story, two-family masonry duplex contains 2,280 square feet and was built in 1899. The lower residence spans two levels with three bedrooms, two full bathrooms, a living room, and an eat-in kitchen. The upper apartment has two bedrooms, a separate kitchen, living and dining areas, and roof access. Interior details include pocket doors, wood shutters, crown molding, wainscoting, decorative fireplaces, and ceiling medallions. A semi-finished basement provides storage and a utility room; the property also has a backyard. The hot water tank and sewer line are two years old, and the property can be delivered vacant.
Located at 827 Hancock Street in Brooklyn, the property is near J/Z and A/C train service and MTA buses. It is zoned R6B.
Located at 827 Hancock Street in Brooklyn, the property is near J/Z and A/C train service and MTA buses. It is zoned R6B.
Key Highlights
- Two‑family, three‑story building with 2,280 square feet
- Lower duplex: 3 bedrooms and 2 full bathrooms; upper apartment: 2 bedrooms
- Built in 1899; R6B zoning
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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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,662
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate upper-level quarters include two bedrooms, a kitchen, and access to the roof.
Where is this duplex located?
The property is located at 827 Hancock Street 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 building with 2,280 square feet; Lower duplex: 3 bedrooms and 2 full bathrooms; upper apartment: 2 bedrooms; Built in 1899; R6B zoning
