THE CONDO BOOK PROJECT

1020 Hancock Street Condominium

1020 Hancock Street, Brooklyn, NY 11221

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Overview

1020 Hancock Street is an 8-unit condo in Brooklyn, with 6 storage units.

  • Offering plan: Accepted April 2024 · 277 pages · floor plans on page 198
  • Finishes: Engineered wood floors, stone kitchen countertops, wood cabinets, LG appliances, a washer and dryer in each apartment and Delta bathroom fittings
  • Prices: $1,181 a square foot on average, as first offered; $6.3 million in all
  • Common charges: $279–$671 a month, the sponsor's first-year estimate
  • Sponsor: 1020 Hancock St LLC, represented by Eial Girtz, PC; principals Zhi Xiang Lin and Yong Lin
  • Neighborhood: Bushwick, Brooklyn
  • Subway: 3-minute walk to Halsey St (J); 9 minutes to Chauncey St (J, Z)
  • Amendments: 2, the latest in December 2024
  1. SubmittedSeptember 2024
  2. AcceptedApril 2024
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

8 of 8homes sold (100%)
Every sale: 8 homes, with price and dateSee it free →

From city records (ACRIS), through Feb 28, 2026.

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

Ask Claude or ChatGPT: How do 1020 Hancock Street's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 5 homes.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 8 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 2025

Plan declared effective upon execution of purchase agreements for 2 units (25% of 8 units), extending the plan for 6 months and adding Bei Chen as a sponsor principal.

  • Plan extended for 6 months
  • Plan declared effective December 2, 2024 based on 2 unit purchase agreements (25% of 8 units)
  • Bei Chen added as principal of Sponsor
  • Units 4 and 6 are in contract
What the amendment changed, line by lineSee it free →

Team

Sponsor
1020 Hancock St LLC
Principals
Zhi Xiang Lin, Yong Lin
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Five Towns Investors$2.65 million loan stated in the plan

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R6

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 1020 Hancock Street's common charges high for the area? Yes, they're on the high side. 1020 Hancock Street budgets $0.59 per square foot a month, against a $0.51 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?