NOT LISTED FOR SALE

Estimated Value: $1,430,000 - $1,993,000

5 Beds
3.5 Baths
3,000 Sq Ft
$561/Sq Ft Est. Value

Last Sold May 19, 2021

Last sale price $1,750,000 $583 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $9,702/month

11 Days on Market

About This Home

As of May 2021

Welcome to 1055 Hancock Street, a beautifully renovated, 3000 sq ft, two family townhouse, situated in the heart of burgeoning Bushwick! This 20 x 50ft, five bedroom, three and a half bath stunner will have you feeling like royalty as you enjoy high ceilings, sleek finishes and some of the largest bedrooms on the market! Blending tranquility and class, this three bedroom owners duplex over two bedroom rental is the perfect escape from the hectic city life.

As soon as you enter the 20' wide parlor level, you will be amazed by the sheer enormity of the living space. The spacious foyer with its own coat closet separates the outside world from the comforts of your interior life. The immense living space, finished with red oak flooring, will lend itself to a multitude of options for design and layout. Once you have taken in the gravitas of the main living area, you may now let your attention be drawn to the dream kitchen of any cooking enthusiast. Whether you?re entertaining a large gathering, or keeping it simple, you will not lack for the proper prep space or storage. Custom cabinetry and shelving lines every wall and a massive calacatta quartz, waterfall island is the centerpiece to culinary playground. The kitchen is rounded out by a smart home Café appliance package featuring a 36? French door refrigerator and a 36? reverse-air convection, six burner gas range. Past the kitchen, enjoy a sun soaked dining area giving way to floor to ceiling glass doors leading to your private terrace, which overlooks the tranquil backyard.

On the top level, you will be greeted by a quiet hallway leading to an over 400 sq ft primary suite featuring its own private balcony, 4 separate closets, original fireplace details and, quite simply, the most spa-like en-suite bathroom imaginable. From the skylight, to marble walls, custom tile work, dual rain shower heads that frame a deep soaking tub, there is not a single detail that won?t transport you to unfettered relaxation. As you make your way to the front of the second floor, you?ll find two more generously proportioned bedrooms capped by soaring ceilings throughout!

This exquisite layout features a top tier, two bedroom garden rental with washer and dryer included that will easily fetch $2,200/month in this trendy neighborhood. And with annual taxes under $3,000, everything is in place to keep your monthly expenses low.

Located one block away from the Halsey J subway stop, you can be into Manhattan in 30 minutes! Within a few short blocks enjoy local hot-spots such as BK Pizza, The Steel Mill, General Irving Coffee Shop, Maya Fusion Café, Halsey Ale House, House Party Café, Sunrise/Sunset and many more. If some outdoor time is what you?re looking for, just two blocks north, you?ll find beautiful Irving Square Park.

Last Agent to Sell the Property

Daniel Cohen

Corcoran Group License #10401261296 Listed on: 03/05/2021

Corcoran Group

Co-Listed By

Edward Ugrinsky

Corcoran Group License #10401283710

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,340

Year Built

  • Built in 1920

Lot Details

  • 2,004

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 100.0 x 20.0

Community Details

  • 2 Units
  • Bushwick Subdivision

Listing and Financial Details

  • Tax Block 3388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,340

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Cross Street: Bushwick Avenue & Evergreen Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bushwick
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Rooms (Total): 16

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 100.0 x 20.0

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1920

Tax Info

  • Tax Block: 3388

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2021
Closed on
May 19, 2021
Sold by
1055 Mtek Llc
Bought by
Lee Bokyeong and Wook Hong Sung
Seller's Agent
Daniel Cohen
Corcoran Group
List Price
$1,750,000
Sold Price
$1,750,000
Current Estimated Value
$1,683,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$66,284
Avg. Annual Appreciation
0.10%
Original Mortgage
$1,400,000
Outstanding Balance
$1,273,034
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$484,170

Purchase Details

Closed on
Oct 15, 2020
Sold by
1055 Hancock Llc
Bought by
New Street Bk Llc

Purchase Details

Closed on
Apr 2, 2019
Sold by
Estate Of Evelyn Miller Deceased
Bought by
1055 Hancock Street Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lee Bokyeong $1,750,000 --
New Street Bk Llc $212,500 --
1055 Mtek Llc -- --
New Street Bk Llc $637,500 --
1055 Hancock Street Llc $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Bokyeong $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2021 05/19/21 Sold $1,750,000 0.0% $583 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $1,750,000 -- $583 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,340 $72,720 $12,240 $60,480
2024 $6,340 $85,560 $12,240 $73,320
2023 $6,237 $105,000 $12,240 $92,760
2022 $2,753 $90,780 $12,240 $78,540
2021 $2,743 $84,420 $12,240 $72,180
2020 $1,362 $94,080 $12,240 $81,840
2019 $2,698 $94,080 $12,240 $81,840
2018 $2,483 $12,182 $2,295 $9,887
2017 $2,343 $11,493 $2,305 $9,188
2016 $2,172 $10,866 $2,827 $8,039
2015 $1,308 $10,846 $3,173 $7,673
2014 $1,308 $10,747 $3,775 $6,972
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10703028

Real Estate Board of New York (REBNY)

APN: 03388-0055