89 Hanson Place

89 Hanson Pl
Fort Greene

$2,500,000
Price
7
Beds
7
Baths
2,700 Sq. Ft.
$926 / Sq. Ft.
2,700
Sq. Ft.
$926
per Sq. Ft.

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Description

Classic Fort Greene Brownstone - Cash Flowing with 5.5% Projected Cap Rate Discover a charming piece of Fort Greene history in this well-preserved four-story brownstone, where classic craftsmanship meets contemporary comfort. This handsome building showcases soaring ceilings, original hardwood floors, opulent crown moldings, distinctive arches, and tall windows on both sides of the building that allow unobstructed light to shine in. Beyond its architectural appeal, this 7-unit building presents an...Classic Fort Greene Brownstone - Cash Flowing with 5.5% Projected Cap Rate Discover a charming piece of Fort Greene history in this well-preserved four-story brownstone, where classic craftsmanship meets contemporary comfort. This handsome building showcases soaring ceilings, original hardwood floors, opulent crown moldings, distinctive arches, and tall windows on both sides of the building that allow unobstructed light to shine in. Beyond its architectural appeal, this 7-unit building presents an exceptional investment opportunity, offering an impressive projected net operating income of $137K and an attractive 5.5% cap rate at asking price in one of Brooklyn's most coveted neighborhoods. The building's versatile layout includes four market-rate units on the parlor and 2nd floors, complemented by three rent-stabilized units on the ground and 3rd floors. This configuration presents an ideal scenario for investors seeking strong returns or owner-occupants interested in converting the parlor and 2nd floors into a spacious duplex while maintaining excellent income from the remaining units. All units have been consistently maintained and kept up to date aesthetically, ensuring that should the building remain an investment with the same unit distribution, no cosmetic improvements will be needed. The property's fully occupied status, with meticulously screened and reliably paying tenants, provides immediate stability for any investor. Located in an optimal area, this brownstone offers unparalleled access to all of the citys amenities. Enjoy proximity to more train lines than anywhere else in the city, putting all of New York at your doorstep. The vibrant neighborhood boasts some of Brooklyn's hottest restaurants such as Thea, Miss Ada, and Evelina, the renowned Brooklyn Academy of Music (BAM), and beloved Fort Greene Park, all within blocks. While situated near some of Brooklyn's most desirable landmarked blocks, this property is not itself on a preserved block. With 2000 sq ft of unused FAR, there are many possibilities for development, allowing investors to maximize the property's potential. A true gem in Fort Greene, this beautiful, classic brownstone presents an unbeatable combination of architectural integrity, location, and investment credentials. Whether you're an investor seeking strong returns or an end-user looking for a home with income potential, this property offers outstanding opportunities in one of Brooklyn's most desirable neighborhoods. Showings by appointment reach out to learn more.

Property Details for 89 Hanson Place

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City
LISTING UPDATED: 01/13/2025 05:01 PM

Property Details for 89 Hanson Place

StatusActive
MLS IDRLMX-105526
Days on Market2
Taxes$1,368 / month
Maintenance-
Min. Down Pymt-
Total Rooms3.0
Compass TypeMulti Family
MLS TypeHouse/Building
Year Built1930
Lot Size1,140 SF / 20' x 57'
CountyKings County

Building

89 Hanson Pl

7 Units3 StoriesBuilt in 1930

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Building Information for 89 Hanson Place

Stories3Residences7Year Built1930Building Size20' x 45'Building Sq. Ft2,700 SFLot Size1,140 SF / 20' x 57'Building AgePre-warBuilding TypeTownhouse

Property Information for 89 Hanson Place

Summary
Location and General Information
  • Subdivision Name: Fort Greene
  • Stories Total: 3
  • Exposures: North, South
Taxes and HOA
  • Tax Lot: 0000
  • Tax Block: 00000
  • Association Fee Frequency: Monthly
  • Flip Tax: $0
  • Building Tax Lot: 0000
  • Tax Abatement YN: false
Parking
  • Garage: No
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Property
Lot Information
  • Living Area: 2700.0
  • Living Area Units: SquareFeet
Building Information
  • Building Smoke Free YN: false
  • Building Laundry Features: None
  • Building Pets Allowed: BuildingYes
  • Green Building YN: false
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Common Interest: None
  • Number Of Shares: 0
  • New Construction: No
  • Structure Type: None
  • Property Condition: Excellent
Interior and Exterior Features
Interior Features
  • Cooling: None
  • Entry Level: 0
  • Furnished: Unfurnished
  • Heating: None
  • Heating: No
  • Laundry Features: None
  • ElevatorsTotal: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Availability Date: 01-13-2025
  • Attendance Type: None

Property History for 89 Hanson Place

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 89 Hanson Place

Taxable ValueLand$6,750Additions$781,200Total$787,950
Home Facts
Total Finished SqFt2,700 SqFtLot Size1,176 SqFtYear Built1930ZoningR7AAPN3021150016

Schools near 89 Hanson Place

This home is within Nyc Geog District #13 - Brooklyn.
Rating
School
Type
Grades
Distance
P.S. 11 Purvis J Behan
Public - PK to 5
Ms 113 Ronald Edmonds Learning Center
Public - 6 to 8
Brooklyn Technical High School
Public - 9 to 12
Ms 266 Park Place Community Middle School
Public - 6 to 8
Rating
School
Distance
P.S. 11 Purvis J Behan
PublicPK to 5

Ms 113 Ronald Edmonds Learning Center
Public6 to 8

Brooklyn Technical High School
Public9 to 12

Ms 266 Park Place Community Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 89 Hanson Place, Fort Greene

89 Hanson Place is a multi-family home for sale in Fort Greene. This property was listed for sale on January 13, 2025 by Realty Collective LLC, it's currently listed at $2,500,000. This listing's school district is Nyc Geog District #13 - Brooklyn. Nearby schools include P.S. 11 Purvis J Behan, Ms 113 Ronald Edmonds Learning Center and Brooklyn Technical High School. 89 Hanson Place is a 7-bed, 7-bath, 2,700 sqft multi-family home built in 1930.

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Listing Courtesy of Realty Collective LLC

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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.