THE CONDO BOOK PROJECT

1064 Hancock Street Condominium

1064 Hancock Street, Brooklyn, NY 11221

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Overview

1064 Hancock Street is a 10-unit condo in Brooklyn, with 8 storage units.

  • Offering plan: Accepted February 2023 · 284 pages · floor plans on page 100
  • Finishes: Hardwood floors, glassos kitchen countertops, wood cabinets, LG appliances, a washer and dryer in each apartment, Danze bathroom fittings and a VRF heat pump system for heating and cooling
  • Prices: $982 a square foot on average, as first offered; $6.52 million in all ($7.33 million when first offered)
  • Sponsor: Mp Bristol I, LLC, represented by Eial Girtz, PC
  • Neighborhood: Bushwick, Brooklyn
  • Subway: 5-minute walk to Halsey St (J); 11 minutes to Chauncey St (J, Z)
  • Amendments: 2, the latest in August 2023
  1. SubmittedApril 2023
  2. AcceptedFebruary 2023
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

9 of 11homes sold (82%)
Every sale: 9 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 30, 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 1064 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 10 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 9 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Aug 15, 2023

Amendment extends the plan 6 months, updates unit prices (5 units decreased, Unit 201 newly offered), increases Unit 401 roof terrace square footage, and provides status on closings and financing.

  • Plan extended for 6 months
  • Unit 102 price decreased from $669,325.00 to $599,000.00
  • Unit 201 newly offered at $900,822.00
  • Unit 203 price decreased from $683,000.00 to $600,000.00
  • Unit 303 price decreased from $698,000.00 to $615,000.00
  • Unit 403 price decreased from $713,000.00 to $630,000.00
  • Unit 401 roof terrace increased from 230 sq. ft. to 417 sq. ft.
  • Five units closed (101, 202, 301, 402, P2); Unit 302 in contract

Amendment 1 Apr 24, 2023

The condominium plan is declared effective after 2 unit contracts were signed (20% of 10 units), and three unsold unit prices have been raised.

  • Plan declared effective April 24, 2023 based on 2 purchase agreements (20% of units)
  • Unit 401 price increased from $1,079,965.00 to $1,100,000.00
  • Unit 402 price increased from $355,776.00 to $410,000.00
  • Unit 403 price increased from $664,275.00 to $713,000.00
  • Plan extended for 6 months
  • Two additional units under contract after effective date declaration
What each amendment changed, line by lineSee it free →

Team

Sponsor
Mp Bristol I, LLC
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Alcova Origination$3.2 million loan stated in the plan
General contractor
Jun's ConstructionHeld the general construction permit on DOB job 321384408
Property report
Demerara Engineering , PLLCPrepared the plan's description of the property and its condition · Named on p. 132

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 1064 Hancock Street's common charges high for the area? No, they're on the low side. 1064 Hancock Street budgets $0.52 per square foot a month, against a $0.59 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?