--- title: "1207 HANCOCK Street, Brooklyn, NY 11221" description: "1207 HANCOCK Street, Brooklyn, NY 11221 — NYC real estate listing on Real Estate Rebate Team. Priced at $1,500,000. Est. potential buyer savings up to $37,500 (subject to buyer-broker compensation received, lender approval, and applicable law)." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/1207-hancock-street-ny-11221" source: "Real Estate Rebate Team" --- # 1207 HANCOCK Street, Brooklyn, NY 11221 > **Listing Courtesy of:** Serhant ## Description 1207 Hancock Street, Bushwick Live in it. Earn from it. Reimagine it. Welcome to 1207 Hancock Street, a versatile Bushwick townhouse offering approximately 2,565 interior square feet, five legal bedrooms, three full bathrooms, a substantial private backyard, a full unfinished basement, and a separate two bedroom upper residence previously rented for $3,350 per month. Set on an approximately 19 by 100 foot lot, this Brooklyn property presents a compelling opportunity for an end user, owner investor, multigenerational household, or investor looking for space, income potential, and long term flexibility. The home is presently configured as two residences with a spacious garden and parlor owner's duplex, a separate two-bedroom residence on the third floor, and a full unfinished basement. The garden level is designed for comfortable everyday living and entertaining, featuring a generously proportioned living room, dedicated dining area, kitchen, full bathroom, and laundry room. At the rear of the home, direct access leads to a large private backyard, creating an inviting extension of the living space with plenty of possibilities for outdoor dining, entertaining, gardening, play, or a private city retreat. The parlor level offers three legal bedrooms, another full bathroom, and additional flexible space that can function beautifully as a nursery, home office, dressing room, or additional living area. Together, the garden and parlor levels provide the space and separation that make townhouse living so desirable. Occupying the third floor is a separate two-bedroom residence complete with a living room, dining room, kitchen, full bathroom, and its own laundry. Previously rented for $3,350 per month, this residence offers meaningful income potential for an owner looking to offset the cost of ownership. It can also provide valuable separation for extended family, guests, or other permitted uses. The property will be delivered fully vacant with no tenants in place at closing, giving the next owner the flexibility to determine how the home best suits their needs, subject to applicable laws and permitted use. Below, a full unfinished basement provides substantial additional storage and utility space. The property also benefits from remarkably low 2026 to 2027 real estate taxes of approximately $3,105 annually, an especially attractive carrying cost for a Brooklyn townhouse of this size. For those thinking about the property's longer term potential, the R6 zoning may offer opportunities beyond the home's current configuration. Buyers interested in future expansion or development are encouraged to consult with their architect and other professionals to explore what may be possible. Located in Bushwick, Brooklyn, 1207 Hancock Street offers excellent access to neighborhood restaurants, cafés, shopping, parks, and everyday conveniences. The Wilson Avenue L train is approximately 0.4 mile away, providing convenient connectivity throughout Brooklyn and into Manhattan. Whether you're searching for a Bushwick townhouse, a Brooklyn multifamily property, an owner occupied investment, a home with rental income, or simply more space and flexibility, 1207 Hancock Street offers a compelling combination of generous living space, income potential, private outdoor living, vacant delivery, and long term opportunity. One property. Multiple possibilities. All square footage, lot dimensions, taxes, zoning, FAR, development potential, rental history, and property information are approximate and should be independently verified by the purchaser and the purchaser's professionals. No representation is made regarding future rental income, development rights, or permissible use. All showings are by appointment only. ## Property Details - **Price**: $1,500,000 - **Potential Buyer Rebate**: $37,500 - **Bedrooms**: 5 - **Bathrooms**: 3 - **Living Area**: 2,565 sqft - **Property Type**: Residential - **Year Built**: 1910 - **Building**: 1207 HANCOCK Street - **Neighbourhood**: Bushwick - **Area / Borough**: Brooklyn - **Subdivision**: Bushwick - **Listing Office**: Serhant - **State**: NY ## Estimated Potential Buyer Savings Real Estate Rebate Team estimates potential buyer savings of up to **$37,500** at closing. *Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.* ## Related Links - [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/1207-hancock-street) - [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/bushwick) - [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact) --- > This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. > This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.