THE CONDO BOOK PROJECT

1421 Hancock Street Condominium

1421 Hancock Street, Brooklyn, NY 11237

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Overview

1421 Hancock Street is a 6-unit condo in Brooklyn.

  • Offering plan: Accepted August 2020 · 264 pages · floor plans on page 4
  • Finishes: 9-foot ceilings, hardwood floors, marble kitchen countertops, Rifra cabinets, Bosch appliances, washer/dryer hook-ups and split-system units for heating and cooling
  • Prices: $918 a square foot on average, as first offered; $4.16 million in all ($3.58 million when first offered)
  • Common charges: $240–$486 a month, the sponsor's first-year estimate
  • Sponsor: 1421 Hancock Equities LLC, represented by Tsyngauz & Associates, P.C.; principals Nouri Chaya and Sharon Cohen
  • Subway: 4-minute walk to Halsey St (L); 8 minutes to Myrtle-Wyckoff Avs (L, M)
  • Amendments: 2, the latest in November 2021
  1. SubmittedAugust 2021
  2. AcceptedAugust 2020
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

6 of 6homes sold (100%)
Every sale: 6 homes, with price and dateSee it free →

From city records (ACRIS), through Feb 29, 2024.

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 1421 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 2 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 3 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
1421 Hancock Equities LLC
Principals
Nouri Chaya, Sharon Cohen
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

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 1421 Hancock Street's common charges high for the area? No, they're on the low side. 1421 Hancock Street budgets $0.50 per square foot a month, against a $0.55 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 6 units, every budget line, every saleSee it free