Multifamily | Owner-User Opportunity

Highlights:

• Historic Neighborhood: Located on Hancock Street. one of NYC's most picturesque tree-lined residential corridors, within the esteemed Bedford Historic District.
• Stunning Building Stock: The subject property is well positioned among highly sought-after brownstone-style building stock that exemplifies Brooklyn charm.
• Deep Footprint Lower two floors are built 20'x 80', allowing for two spacious 2B duplexes with garden access. Upper three floors are 20'x40'; two efficient 1BR units per floor.
• 80% Free Market The property contains eight free market and two rent stabilized units, allowing future owner to capitalize on upside in rents.
• Owner-User Opportunity. 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,
• Protected Tax Class: 28 Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
• Transportation Accessibility Within 3-blocks of the A & C trains at Nostrand Avenue. providing access to Downtown Brooklyn and FiDi within 20 minutes,
• Low Maintenance: Building has been fully renovated and maintained. with no need for short term capital improvements.

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