898 Hancock Street — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11233

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Investment Figures

Cap rate
7.90%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 7.9% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

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