698 HANCOCK STREET, BROOKLYN, NY 11233 BEDFORD-STUYVESANT 3-STORY WALKUP BUILDING WITH 6 APARTMENTS
Address: 698 HANCOCK STREET, BROOKLYN, NY 11233 Between Patchen Avenue & Malcolm X Boulevard
Description: Built in 1910, this 3-story walkup building with 6 apartments has 5,025± SF.
Neighborhood Bedford-Stuyvesant Block/Lot 1662/33 Lot & Built Size 25’ x 100’ built 67’ Stories 3 Total Apartments & Rooms 6 & 24 Layout 6/4 Zoning R6B FAR (built/allowed) 2.01/2 Assessment/Taxes (18/19) $55,117/$7,010 1st Mortgage: Delivered Free & Clear
Income: Apartments (incl. projections) $ 102,540
Estimated Taxes (18/19) $ 7,050 Expenses: Water & Sewer $ 5,000 Payroll $ 1,200 Fuel (oil) $ 6,000 Insurance $ 2,300 Utilities $ 2,300 $ 23,850 Estimated Net Operating Income: $ 78,690
Price: $ 2,200,000 ALL CASH
Remarks: Near the Utica Avenue Station on the [A, C] trains and the Gates Avenue Station on the [J, Z] trains.
Metrics: Average Rent / Apartment & Room $ 1,424 & $ 356 Price / SF $ 438 Price / Unit $ 366,667
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Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied. 698 HANCOCK STREET, BROOKLYN, NY 11233 BEDFORD-STUYVESANT 3-STORY WALKUP BUILDING WITH 6 APARTMENTS
RENT ROLL APT # TENANT NAME RENT/MONTH ROOMS LXP STATUS 1L Tenant 1 (vacant - projected) $1,700.00 4 N/A RS 1R Tenant 2 $1,700.00 4 N/A RS 2L Tenant 3 (vacant - projected) $1,700.00 4 N/A RS 2R Tenant 4 (vacant - projected) $ 695.00 4 RS 3L Tenant 5 (vacant – projected) $1,050.00 4 N/A RS 3R Tenant 6 (vacant - projected) $1,700.00 4 N/A RS Residential Monthly Total $8,545.00 24 Residential Annual Total $102,540.00
PROPERTY PHOTO
1 1 W e s t 2 0 t h S t r e e t , 4 t h F l o o r , N e w Yo r k , N Y 1 0 0 1 1 ( 2 1 2 ) 2 6 8 – 8 0 4 3 · w w w. p r i m e m a n h a t t a n . c o m
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied. 698 HANCOCK STREET, BROOKLYN, NY 11233 BEDFORD-STUYVESANT 3-STORY WALKUP BUILDING WITH 6 APARTMENTS
PLOT MAP
TAX MAP
1 1 W e s t 2 0 t h S t r e e t , 4 t h F l o o r , N e w Yo r k , N Y 1 0 0 1 1 ( 2 1 2 ) 2 6 8 – 8 0 4 3 · w w w. p r i m e m a n h a t t a n . c o m
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.