Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    460A Hancock St BROOKYN, NY 11233
    Back to Search
    Property profile & analytics

    460A Hancock St, BROOKYN, NY 11233

    View on Map
    • Mixed-use properties
    • 1,641 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 460A Hancock St

    Property type
    Mixed-use properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    BROOKYN
    County
    36047
    State
    New York
    Longitude
    -73.9369
    Latitude
    40.6839

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      2218 Fulton St

      Mixed-use properties
      2218 Fulton St, Brooklyn, NY 11233
      View Details
    • Value Estimation by Request
      1,641 SF

      460 A Hancock

      Mixed-use properties
      460 A Hancock, Brooklyn, NY 11233
      View Details
    • Value Estimation by Request
      20,000 SF

      30 Havens Pl

      Manufacturing properties
      30 Havens Pl, Brooklyn, NY 11233
      View Details
    • Value Estimation by Request

      656 Macdonough St

      Mixed-use properties
      656 Macdonough St, Brooklyn, NY 11233
      View Details
    • Value Estimation by Request
      25,200 SF

      2004-06 Fulton St

      Mixed-use properties
      2004-06 Fulton St, Brooklyn, NY 11233
      View Details
    • Value Estimation by Request
      2,520 SF

      1402 Pitkin Ave

      Mixed-use properties
      1402 Pitkin Ave, Brooklyn, NY 11233
      View Details

    Similar Nearby for Sale

    • $1,950,000

      Mixed-Use Townhouse in Bedford-Stuyvesant

      Mixed-use property with investment and development potential in Brooklyn.
      1822 Fulton St, Brooklyn, NY 11233
      View Details
    • Contact for pricing
      2,400 SF

      Mixed-Use Building with Church Space

      Three-story, two-unit mixed-use building with retail and residential spaces.
      2218 Fulton St, Brooklyn, NY 11233
      View Details
    • Contact for pricing
      3,600 SF

      Mixed-Use Building with Garage

      Two-unit, three-story corner building with stores and apartments.
      577 Decatur St, Brooklyn, NY 11233
      View Details

    Similar Nearby for Lease

    • $12,385 /Mo
      6,605 SF

      Stuyvesant Heights Community Use Facility

      Four-story limestone building with classrooms, administrative space, and elevator.
      281 Stuyvesant Ave, Brooklyn, NY 11233
      View Details
    • $8,500 /Mo
      3,202 SF

      Brooklyn Commercial Space for Rent

      2,415 SF lower level space ideal for medical or offices.
      279 Sumpter St, Brooklyn, NY 11233
      View Details
    • Contact for pricing
      12,500 SF

      Retail Space Available For Rent

      Retail space available for rent in Brooklyn, New York.
      1912 Atlantic Ave, Brooklyn, NY 11233
      View Details
    • Contact for pricing

      Brooklyn Retail Space for Lease

      Premier retail space in a vibrant Brooklyn shopping center.
      1760 Eastern Pkwy, Brooklyn, NY 11233
      View Details
    • $5,500 /Mo
      9,348 SF

      Turnkey Retail Space in Brooklyn

      1,170 SF retail space with full basement for lease.
      17 Somers St, Brooklyn, NY 11233
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    460A Hancock St
    BROOKYN, NY 11233
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    460A Hancock St, BROOKYN, NY, 11233
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!