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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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  1. Home
  2. Buy
  3. New York City
  4. Brooklyn
  5. 11221
  6. 1085 HANCOCK Street
Property thumbnail
1 / 38
•Bushwick

1085 HANCOCK Street, New York City, NY 11221

Listing Courtesy of Douglas Elliman Real Estate

$1,950,000

Potential Rebate: $29,250

5 Beds
4 Baths
10 Rooms
3,000 sqft
Built 1920
3 Stories
650/ft²
Listed on Oct 15, 2025
72 days on market
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Overview

<p>The Perfect Townhouse: Light, Space, Income &amp; Solar Savings</p> <p>Welcome to this beautifully renovated two family townhouse on a quiet, tree lined block in Bushwick, one of Brooklyn's most dynamic and rapidly rising neighborhoods. Thoughtfully designed and 90% gut-renovated, this home combines modern comfort, income potential, and eco-friendly living in one perfect package.</p> <p>Configured as an owner's duplex over an income-producing garden apartment, the residence offers remarkable flexibility and exceptional value.</p> <p>Owner's Duplex (Floors 2-3)</p> <p>Step through French doors into a sun-filled great room with soaring 12-foot ceilings and an open-plan layout that seamlessly connects living, dining, and kitchen spaces. The chef's kitchen features top-of-the-line appliances and opens directly to a decked patio and landscaped backyard, creating a natural flow for indoor-outdoor living. Upstairs are three spacious bedrooms and two-and-a-half bathrooms, including a serene primary suite with a standalone soaking tub, six custom closets, and two full laundry setups.</p> <p>Garden Apartment</p> <p>The private, two bedroom garden-level apartment offers one bath and a bright living/dining area ideal for generating $3,500/month in long-term rental income or up to $5,000/month as an Airbnb (averaging roughly $3,200 net monthly based on past performance). Each unit enjoys separate entrances and individual HVAC systems for maximum comfort and privacy.</p> <p>Energy Efficiency &amp; Sustainability</p> <p>This home is solar powered, offering real and measurable savings. The panels power the main residence (floors 2-3), resulting in an average monthly electric bill of just $94.60 - a 51% reduction compared to traditional energy use. The ground-floor apartment averaged $103.82/month during the same period. Few, if any, Bushwick homes currently on the market feature solar panels, making this property a standout for eco-conscious buyers.</p> <p>Outdoor Living</p> <p>Enjoy four private outdoor spaces two balconies, a front yard/driveway, a decked backyard, and a brand-new roof deck installed in 2022. Whether entertaining under the skyline or relaxing in the sun, every level offers a peaceful retreat.</p> <p>Additional Highlights</p> <p>Lot: 20' x 100' Building: 20' x 55'</p> <p>New roof (2022)</p> <p>Electric vehicle 240v driveway outlet</p> <p>Solar panels with 51% average energy savings</p> <p>12-foot ceilings and open-plan design</p> <p>Standalone soaking tub + six custom closets</p> <p>Two separate HVAC systems and laundry sets</p> <p>Dual-use layout: owner's duplex + income apartment</p> <p>Approx. $3,500-$5,000/month rental income potential</p> <p>Four outdoor spaces: balconies, roof deck, front yard, backyard</p> <p>Near J/Z trains at Halsey Street and L train at Wilson Avenue</p> <p>Sustainability meets sophistication in this light-filled, energy-efficient, income-producing townhouse a rare opportunity to own a modern, solar-powered home in one of Brooklyn's most exciting neighborhoods.</p>

Home Features

  • •Central Air
  • •In Unit
  • •Private Outdoor Space Over 60 Sqft
  • •Smoke Free

Estimated Monthly Payment

$9,945 per month

30 year fixed, 6.28% Interest

Principal and Interest
$9,636
Property Taxes
$309
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$29,250

Monthly savings impact

$81/mo

💡 Estimated at 1.5% of purchase price

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).

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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

The Real Estate Rebate Team

Listing Courtesy of Douglas Elliman Real Estate

Data Source: TRESTLE #RLS20054805

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Price Analysis

Compare average listing prices and value metrics for 1085 HANCOCK Street against the surrounding Bushwick market.

Based on 1 active units in building vs 98 in area

Average List Price

Building$2.0M
Neighborhood$1.1M

Price Per SqFt

Building Avg$650/ft²
Neighborhood Avg$970/ft²
Value Opportunity

32.97% Lower

than the Bushwick price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

Bushwick

Overview of Bushwick

Bushwick is New York's capital of street art and industrial cool. A former manufacturing hub, it has transformed into a globally recognized center for creativity, nightlife, and youth culture. For buyers seeking Bushwick Brooklyn real estate, it offers converted lofts, colorful streetscapes, and an energy that is unmatched anywhere else in the borough.

Living in Bushwick is vibrant. The streets are a living canvas, home to the Bushwick Collective outdoor gallery. As a premier Brooklyn NYC neighborhood with no strict zoning height limits in many parts, it is a landscape of constant reinvention.

Real Estate & Housing Market

The market for homes for sale in Bushwick is diverse. It ranges from vinyl-sided multi-family homes to massive industrial loft conversions and sleek new condo developments.

Investors and first-time buyers flock here for the potential. While prices have risen, it still offers more square footage than Williamsburg.

Lifestyle & Community

The lifestyle in Bushwick is nocturnal and artistic. Residents dine at Roberta's (famous for pizza), drink at House of Yes (famous for performance art parties), and shop at vintage stores.

The community is a dynamic mix of the long-standing Latino community and a massive influx of artists, musicians, and young professionals.

Transportation & Accessibility

Bushwick is served by the L, M, and J/Z trains. The L train at Morgan or Jefferson provides a direct 15-minute shot to Union Square.

The M train offers an elevated view of the city and connects easily to Midtown.

Parks, Schools & Amenities

Maria Hernandez Park is the neighborhood's living room, filled with soccer games, dog walkers, and skaters.

Amenities are unconventional: instead of big-box stores, you have art supply shops, techno clubs, and organic bodegas.

Who This Neighborhood Is Best For

Bushwick is best for artists, nightlife lovers, and investors looking for a high-growth neighborhood with a distinct edge.

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