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Multifamily

898 Hancock Street

898 Hancock St, Brooklyn, NY 11233

Listing Price: $2,600,000

Cap Rate
6.50%
Number of Units
4
GRM
11.56
Price/Unit
$650,000
Price/Gross SF
$425.53
Gross SF
6,110

Investment Overview

Marcus & Millichap is pleased to offer 898 Hancock Street, a fully vacant, 26.67’ wide, legal four-family building in Brooklyn with a Certificate of Occupancy issued in 2005, eliminating the uncertainty that often comes with older properties. Delivered completely empty, the building offers immediate control and flexibility from day one — no tenant buyouts, no regulatory complications, just a clean slate.

The property spans an enormous 6,110 square feet plus a 2,000 SF garden floor with 7’ ceilings making it ideally suited for a condominium conversion or full-scale renovation, with enough depth and square footage to create oversized residences that stand out. For investors and developers, this is a rare opportunity to work with strong fundamentals already in place.

Investment Highlights

  • 898 Hancock Street, built in 1909, is a four unit multifamily asset, spanning 3 stories, approx. 6,110 SF.
  • Tax Class: 2A | Zoning: R6B | 100% Vacant
  • Located near the J and Z trains, the building benefits from direct access to Manhattan while remaining positioned in a neighborhood where renovated product continues to command strong demand.

Exclusively Listed By

Financing By

Multifamily

898 Hancock Street

Listing Price: $2,600,000

Cap Rate
6.50%
Number of Units
4
GRM
11.56
Price/Unit
$650,000
Price/Gross SF
$425.53
Gross SF
6,110

Investment Highlights

  • 898 Hancock Street, built in 1909, is a four unit multifamily asset, spanning 3 stories, approx. 6,110 SF.
  • Tax Class: 2A | Zoning: R6B | 100% Vacant
  • Located near the J and Z trains, the building benefits from direct access to Manhattan while remaining positioned in a neighborhood where renovated product continues to command strong demand.

Investment Overview

Marcus & Millichap is pleased to offer 898 Hancock Street, a fully vacant, 26.67’ wide, legal four-family building in Brooklyn with a Certificate of Occupancy issued in 2005, eliminating the uncertainty that often comes with older properties. Delivered completely empty, the building offers immediate control and flexibility from day one — no tenant buyouts, no regulatory complications, just a clean slate. The property spans an enormous 6,110 square feet plus a 2,000 SF garden floor with 7’ ceilings making it ideally suited for a condominium conversion or full-scale renovation, with enough depth and square footage to create oversized residences that stand out. For investors and developers, this is a rare opportunity to work with strong fundamentals already in place.

Exclusively Listed By

Financing By

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