Description
For Sale: Prime Multi-Family Investment Opportunity in Bushwick, Brooklyn 1115 Hancock St
Introducing a unique opportunity to acquire a well-maintained, 3-story, multi-family building located at 1115 Hancock St in the vibrant Bushwick neighborhood of Brooklyn. This brick building offers a total of 6 residential units, providing an ideal mix of income-generating properties with the potential for future growth. Last renovation in 2019.
Key Features:
Building Size: 3,540 SF (with an additional buildable area of up to 4,400 SF, offering significant upside potential)
Lot Dimensions: 20' x 100'
Zoning: R6, providing flexibility for potential development or expansion
Unit Mix:
1 Studio
1 Two-Bedroom, 1.5 Bathrooms
4 One-Bedroom Apartments
Most apartments come with outdoor space, whether private balconies or other outdoor areas, enhancing tenant appeal.
Well-maintained brick exterior and clean, functional layouts throughout.
Pro Forma NOI: $160,000
This property represents a fantastic opportunity for investors seeking a stable cash flow with the potential to expand and increase value. Located in the rapidly developing Bushwick area, 1115 Hancock St is surrounded by trendy cafes, bars, and parks, making it a highly desirable rental location. The combination of strong rental demand and the opportunity to build additional square footage makes this property a truly compelling investment.
Whether you're an experienced real estate investor or looking to add to your portfolio, this offering provides both immediate returns and long-term potential. Don‘t miss out on this rare chance to capitalize on a multi-family property in one of Brooklyn‘s hottest neighborhoods.
For more information or to schedule a private viewing, please contact us today!
