1066 Hancock Street

Fully Renovated: The building underwent a full gut renovation in 2019, with all new floors, windows, and high end finishes throughout
Fully Free Market: The property has no history of rent regulation
Owner User Opportunity: Finishes, garden access, neighborhood, and transit oriented location make this an ideal candidate for a hybrid owner/user/investor living in one or more of the units and renting out the rest
Investment Opportunity: Fully occupied and cashflowing on 12 month leases
Cashflow + Upside: Currently grossing $148K / year, with natural upside as Bushwick continues to appreciate
Highly Efficient: Each renovated unit is responsible for their own utilities
Transportation Accessibility: The L and M train lines are within 3-5 blocks away, offering access to Williamsburg and Union Square within 25 minutes
Protected Tax Class: Tax class 1 limits RE tax increases to no more than 8% a year or 30% over 5 years

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