1242 HANCOCK Street #3, New York City, NY 11221
Listing Courtesy of Douglas Elliman Real Estate
$1,075,000
Potential Rebate: $16,125
Overview
<p> </p> <p>Welcome to 1242 Hancock Street - A Boutique Condominium of Distinction</p> <p>Discover an exceptionally reimagined three-residence condominium that blends timeless Brooklyn character with contemporary sophistication. Behind its stately prewar facade, 1242 Hancock Street honors the architectural integrity of the neighborhood while offering a tranquil retreat just one block from Irving Square Park.</p> <p>Residence 3 - This top-floor, two-bedroom, two-bathroom home that spans nearly 1,100 square feet and includes a deeded storage unit as well as a private roof terrace. With southeast exposures, the residence is bathed in natural light through three oversized living room windows, creating an inviting and airy atmosphere.</p> <p>The heart of the home is its impeccably designed kitchen, where soft off-white cabinetry is paired with striking dark marble countertops and a custom fluted island. Refined gold hardware adds a timeless touch, complementing the suite of premium Fisher & Paykel appliances, including a gas range, vented microwave, paneled French door refrigerator, and dishwasher.</p> <p>The first full bathroom features a sophisticated blend of sage Zellige-inspired tile, brass fixtures, and a warm wood vanity - creating a spa-like feel.</p> <p>Two well-appointed bedrooms are tucked at the rear of the home. The gracious primary suite boasts excellent light, a spacious walk-in closet, and a serene en-suite bath with floor-to-ceiling neutral tiling, sleek brass finishes, and a double vanity that offers both beauty and functionality.</p> <p>The private roof terrace serves as a rare and desirable retreat - perfect for relaxation or entertaining against the backdrop of Brooklyn's skyline.</p> <p>Just steps from Irving Square Park, the residence enjoys proximity to beloved neighborhood favorites such as Xoco-Latte Bushwick, Rosa's Steakhouse, Fazio's, Bricklyn Pizza, Money Cat Vietnamese, Thai Ros Thip, and Alex's Luncheonette. Convenient access to the L train at Halsey Street makes commuting seamless.</p> <p>This is not an offering. The complete Offering Terms are in an Offering Plan available from the Sponsor. File No. CD-240214</p> <p> </p>
Home Features
- •Washer Hookup
- •In Unit
- •Private Outdoor Space Over 60 Sqft
- •Washer Dryer Allowed
- •City
- •Panoramic
Estimated Monthly Payment
$5,788 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$16,125
Monthly savings impact
$45/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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Experience
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Listings
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 #RLS20051896
Price Analysis
Compare average listing prices and value metrics for 1242 HANCOCK Street against the surrounding Bushwick market.
Average List Price
Price Per SqFt
10.35% 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.
