GFI Realty Services, LLC today announced that it has been named the exclusive sales agent for 1351 Hancock Street, a vacant three-story, walk-up apartment building located in the Bushwick section of Brooklyn, New York. GFI Realty Associate Isaac Moskowitz will oversee the marketing of the property, with pricing targeted at $2.2 million. The property, which totals 5,250 square feet, is currently configured as six two-bedroom apartments. Plans that are currently pending approval would allow for all six apartments to be converted into three-bedroom units.
1351 Hancock Street is perfectly situated just off of the Knickerbocker and Wyckoff Avenue commercial corridors, which are lined with numerous local retailers, cafes and restaurants. The property is also conveniently located just a short walk from the M train’s Myrtle Avenue stop and the L train’s Halsey Street station.
“This presents a fantastic opportunity for an investor to acquire a vacant, destabilized asset in an emerging neighborhood,” Moskowitz said. “The property is centrally located and, once these large units undergo renovations, they will meet with high demand on the rental market.”
The rental inventory in Bushwick has flourished in recent years as new residents have been attracted to the converted loft spaces, art galleries, cafés and restaurants that reflect the unique local culture.
About GFI Realty Services, LLC
GFI Realty Services, LLC imparts strategic and comprehensive solutions to maximize the value of real estate assets. Offering a wide array of brokerage services including investment sales, commercial real estate financing and retail leasing, GFI Realty Services, LLC utilizes its affiliate companies’ fully-integrated platform to provide owners, buyers, landlords and tenants nationwide with the market knowledge and due diligence required to consummate multifaceted transactions.
The company’s extensive knowledge of the commercial real estate industry, advanced analytical capabilities and incomparable client services position its executives as masters at executing off market and complex deals that require the most innovative solutions. For more information, visit GFIRealty.com.
