EXCELLENT OPPORTUNITY FOR INVESTORS!
443 Hancock Street is a sprawling four story, four family townhouse situated on a tree-lined block in Stuyvesant Heights, Brooklyn. Graced with grand proportions and over 6,100 sq ft of living space, this 22 ft wide brownstone is comprised of four turnkey, floor-through units. One cannot help but feel inspired!
At approx.1,300 sq ft each, each unit offers generous living spaces with flexible layouts, which are ideal for reconfiguring the space to your ideal preferences. The Parlor floor unit 1 is a Two and a Half (2.5) Bedroom, One Bathroom (1BTH) with a private garden. Units 2, 3 and 4 are Three and a Half (3.5 BR) Bedroom, One Bathroom (1BTH) residences.
All units feature many original details, exposed brick archways, open plan kitchen and living room, and hardwood flooring throughout. The property is currently being utilized as an income-producing investment property with a 5% Cap Rate and a monthly rental income of approx. $12,664 for the four free market rental units, making it ideal for an end-user with rental income or investor. The generous layouts are also well suited for a condominium conversion project.
443 Hancock Street is nestled in the Stuyvesant Heights section of Bedford-Stuyvesant, surrounded by the classic serenity of Brownstone Brooklyn, a myriad of community gardens, and the energy of a culturally diverse community with superb dining, craft cocktail joints, homemade marketplaces, and destination hangouts. Local favorites include Saraghina, L’Antagoniste, Peaches, Milk & Pull and Georges Andre cafe are right at your backyard. Transportation is a breeze with the ‘A’ express and ‘C’ trains at the Kinston-Throop and Utica Avenue stops and the J/M/Z at Gates Avenue a few blocks away making it an easy commute to downtown Brooklyn and Manhattan.
