Multi Family, 1276 Hancock Street #Entire Building, Bushwick North - Real Estate New York

Description

6% CAP RATE – Prime Bushwick Investment with Strong Cash Flow from Day One! Welcome to 1276 Hancock Street, a gut-renovated three-family townhouse on a deep 20' × 100' lot between Knickerbocker and Wilson Avenues in the heart of Bushwick. Offering an impressive 6% cap rate and low taxes, this is a rare opportunity to own a turnkey income-producing property with immediate cash flow and room for future value-add. Spanning 2,260 sq/ft with additional FAR potential, there’s an opportunity to expand all three floors or even add an extra floor. Each unit has been thoughtfully designed with premium finishes and modern comforts. The garden level features two bedrooms and two full bathrooms, including an en-suite bath, measuring 1,075 sq/ft with 8’5” ceilings and a 659 sq/ft private fenced backyard. The first floor also offers two bedrooms and two full bathrooms, including an en-suite bath, measuring 1,005 sq/ft with soaring 9’6” ceilings. The second floor is a convertible three-bedroom, two-bathroom unit, including an en-suite bath, measuring 1,005 sq/ft with 9’2” ceilings. All units feature open-concept layouts with high ceilings and recessed lighting, engineered hardwood floors with tall baseboards, and modern kitchens with quartz countertops, vented hoods, stainless steel appliances, and shaker cabinetry. Each apartment is also equipped with a vented in-unit washer and dryer. The cellar includes a brand-new mechanical room and offers potential for additional storage lockers and bike storage. The location is unbeatable, just two avenues from the J train at Halsey, providing a quick 20-minute commute to Manhattan. It’s also close to Irving Square Park and some of Bushwick’s best restaurants, including Roberta’s, Faro, Tong, and more. This property is fully occupied and will require 48 hours’ notice for showings. Contact us for the rent roll and pro forma. Listing courtesy of Sothebys International Realty ...
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