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Apartments For Sale • 4,499 SF
| Located on Hancock Street, one of NYC’s most picturesque tree-lined residential corridors, within the esteemed Bedford Historic District. |
| The subject property is well positioned among highly sought-after brownstone-style building stock that exemplifies Brooklyn charm. |
| Lower two floors are built 20’ x 80’, allowing for two spacious 2B duplexes with garden access. |
| The property contains seven free market and three rent stabilized units, allowing future owner to capitalize on upside in rents. |
| The building, neighborhood and architecture all lend well to a hybrid owner/user/investor, living in one or more of the units and renting out the rest |
| 2B Tax Class limits tax increase to no more than 8% a year or 30% over 5 years. |
| Cap Rate: | 6.67 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 1 min | 7 min | 0.4 mi |
| Atlantic Terminal (Babylon Branch - Long Island Rail Road, City Terminal Zone - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 4 min | - | 1.8 mi |
| Transit/Subway | Drive | Walk | Distance |
| Nostrand Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) | 0 min | 4 min | 0.2 mi |
| Franklin Avenue (A,C,S Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), Franklin Avenue Shuttle - New York MTA Subway (The Subway)) | 1 min | 8 min | 0.4 mi |
| Kingston-Throop Avenues (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) | 1 min | 11 min | 0.6 mi |
| Bedford-Nostrand Avenues (G - New York MTA Subway (The Subway)) | 2 min | 12 min | 0.7 mi |
| Classon Avenue (G - New York MTA Subway (The Subway)) | 3 min | 19 min | 1.0 mi |
| Airport | Drive | Walk | Distance |
| Laguardia | 20 min | - | 10.5 mi |
| John F Kennedy International | 23 min | - | 11.2 mi |
| Newark Liberty International | 29 min | - | 16.8 mi |
DJ Johnston
Matthews Real Estate Investment Services
DJ Johnston
Matthews Real Estate Investment Services
