new - 1 day on rocket

1091 Hancock St, Brooklyn, NY, 11221

$1,499,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
3 Full Baths, 1 Partial
1,960 SqFt
$765/SqFt
Multi

Location

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1091 Hancock St, Brooklyn$1,499,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking2 Spaces, Carport
Garage2 spaces
Year Built1997
HeatingBaseboard, Natural Gas
CoolingWall Unit(s)
BasementYes
FireplaceStove
MLS #487456
StatusActive

About 1091 Hancock St

Are you an end user of developer looking for an investment opportunity in Bushwick? If so, welcome to Hancock Street which is situated in the heart of Bushwick! This impressive townhouse boasts over 2500 total square feet of living space, offering ample room for those who crave space and flexibility. Featuring a total of 10 rooms, which include 7 comfortable bedrooms and 3 bathrooms, this property is perfect for an end user looking to live and collect rent to subsidize the mortgage. Starting from the bottom up, the first floor consists of another 2-bedroom, 1 bathroom apartment which is also occupied. The top floor consists of a 3-bedroom 1.5-bathroom apartment that is vacant and recently updated. The property's private outdoor space is plentiful and stretches from the front all the way around back were you'll find a huge backyard. This property is also a great play for a developer as the subject is located within the R6 zoning district. This district currently holds a 2.43 as-of-right FAR, allowing for a total buildable square footage of approximately 6,000 SF. Therefore, a developer could build a new 8-unit rental or condominium building in the heart of Bushwick, making this an outstanding investment opportunity. Bushwick is renowned for its vibrant arts scene and eclectic mix of local flavors. From captivating street art to chic dining spots, the neighborhood buzzes with energy and creativity. You're just a short stroll from coffee shops, bakeries, and unique boutiques, ensuring you'll never run out of adventures close to home. One of the best features of this property is its connectivity. With convenient access to nearby subways, commuting to NYC or exploring the broader Brooklyn area is a breeze. The L and J trains make your experience of the city seamless and enjoyable. Don't miss the opportunity to own or develop this prime Bushwick property.

Property Details

Property Features

Property Information:

  • Year Built: 1997
  • Stories: 3
  • Living Area: 1,960 SqFt

Listing Office:

  • Office Name: Revived Residential

Interior Features

Interior Information:

  • Appliances: Refrigerator, Stove
  • Basement: Yes
  • Flooring Type: Laminate, Tile
  • Fireplace: Stove

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Parking: 2 Spaces, Carport

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: Wall Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,499,000
  • Price Per SqFt: $765/SqFt

Tax Information:

  • Annual Amount: $5,513
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

Med. Sold Price

$984.4K

Med. Price/SqFt

$696

Avg. Days On Market

97

# of Sold Homes

436

1091 Hancock St vs Brooklyn

1 DAY ON ROCKET

-96 Days

$1,499,000

+$514.5K More

$765/SqFt

+$68 More

KEY TAKEAWAY

This property is $514.5K more than the Median Sold Price and $68/SqFt more than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #487456

Listing Office:

  • Office Name: Revived Residential

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2024 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/16/2024, 4:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,513$55,680
2019$5,512$58,920
2018$4,278$24,873
2017$3,696$24,382

History based on county public records data.

Payment Calculator

$7,549

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,561

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-96633
3
/10
  • P.S. 299 Thomas Warren Field School

  • 88 Woodbine St

  • 0.21 miles

  • Public District Grades KG-5

school-card-donut-96634
5
/10
  • P.S./I.S. 045 Horace E. Greene

  • 84 Schaefer St

  • 0.28 miles

  • Public District Grades KG-5

school-card-donut-96635
2
/10
  • P.S. 106 Edward Everett Hale School

  • 1328 Putnam Ave

  • 0.30 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,769. Most Brooklyn, NY residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket Homes›New York›Kings County›Brooklyn›11221›1091 Hancock St

This home is located at 1091 Hancock St in Brooklyn, NY and zip code 11221 in the Bushwick neighborhood. This 1,960 square foot home was built in 1997. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $1,499,000.

In October 2024 more than 50 listings in Brooklyn, NY were sold above the asking price. During the same period more than 217 listings were sold at asking price, while more than 169 were sold below. The number of homes for sale in Brooklyn, NY increased by 0.1% between September 2024 and October 2024. The median list price of listings available in October 2024 was $984,431, while the average time on the real estate market was 97 days.

From Rocket Homes Real Estate and based on county public records data.

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