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196 HANCOCK Street
About This Property
Upon entering, you'll be welcomed by a brightly lit living room with massive bay windows that flood the space with natural light. The adjacent spacious kitchen boasts a breakfast bar with Caesarstone countertops and top-of-the-line stainless steel appliances with a powder room for guests.
The upper levels of this home feature four expansive bedrooms, each filled with ample storage, natural light from oversized windows, and private study/den areas. Two shared bathrooms, adorned with modern fixtures, complete these elegant levels.
The spacious lower level offers even more living space with an additional bedroom, a large room that can double as another bedroom, and a separate storage area. A dedicated laundry room adds convenience to this level.
The home can be easily used as a single family or converted to a two family if you desire rental income and/or separate space for guests or work from home and is in excellent condition or can be reimagined for those seeking to modify the property to fit their needs.
From 196 Hancock Street, you'll enjoy proximity to several lovely parks and playgrounds, subway stations servicing the A/C lines, and popular dining spots.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Northern Brooklyn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017