Welcome to an Opportunity to Buy Well.
236 Hancock Street represents a rare acquisition for the discerning investor, situated in the vibrant heart of Bedford-Stuyvesant. This offering combines a stable, fully occupied rent-stabilized multifamily building with an adjacent development parcel, a pairing that defines exceptional rarity in today's market. The architecture delivers character and prestige, anchoring this asset in one of Brooklyn's most sought-after residential corridors.
The additional land creates a sprawling combined footprint, offering future flexibility that is nearly impossible to find in this prime location. Whether you maintain the existing income stream or pursue expansion and redevelopment, this asset offers a unique foothold in a high-barrier-to-entry market. Opportunities to acquire an income-producing building with additional land in this location are exceptionally limited.
Property Information
Asking Price: $2,395,000
Units: Seven (7) Legal Residential Apartments
Occupancy: Fully Occupied
Building Size: Approximately 2,880 Square Feet
Combined Lot Size: Approximately 4,560 Square Feet
Building Dimensions: 24' x 60'
Lot Dimensions: Approximately 38' x 120'
Stories: Four
Year Built: 1931
Zoning: R6B
Block: 1839
Lot: 5
Annual Real Estate Taxes: $24,051
Adjacent Development Parcel: Included in Sale
Financial information, rent roll, and due diligence materials are available upon request.
