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1223 Hancock St |Bushwick
$1,350,000
Studio
Time on market: 66 days
Taxes/Maintenance: $0
Property type: Rental
Courtesy of Compass.
This versatile building has full DOB plans in place and has been completely cleared out and is ready for framing and next steps of renovation. Keep as a three family investment property with an annual rent roll of ~$115,000 OR use one unit for yourself while collecting rental income from two other units. Extremely low expenses make this a prime investment opportunity which can generate a potential 6% cap rate. Layout options are flexible depending on end use but floor plan providing shows approved three 3 bedroom apartments with full width extension on the first floor. Ceiling height is sensational and will be sure to maximize rent roll. Situated along a tranquil tree-lined section of Bushwick and a short distance to Irving Square Park and Bushwick Playground. Close proximity to mass transit with Halsey Street Station (L Train) and Myrtle-Wyckoff Avenue Station (L & M Train) nearby as well as Multiple NYC Buses (B13, B26, B52, B54, Q56, Q58). Please note all photos and floor plans are renderings of one potential renovation option more
AMENITIES

Pets Allowed
Pre-War Building
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MORTGAGE CALCULATOR

Sale Price
Down Payment
%
Mortgage Payment:
Common Charges & Taxes: $0

Total Monthly Payment:
Mortgage Amount $1,080,000
Term
30 Year Fixed
Rate
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