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1240 Hancock Street, Brooklyn, NY 11221 Property Information

1240 Hancock Street, Brooklyn, NY 11221 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1240 Hancock Street, Brooklyn, NY 11221 1
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Address

Primary address 1240 Hancock Street
Secondary address 509 Wilson Ave
Neighborhood Bushwick
Zip code 11221
Borough Brooklyn
Block & lot 03398-0007

Sales & Tax Overview for 1240 Hancock Street, Brooklyn

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Tax class
Estimated property tax $14,676

Lot & Building Information for 1240 Hancock Street, Brooklyn

Lot sq. ft. 1,720
Lot dimensions 20 ft x 86 ft
Property type Single or Multiple Dwelling with Stores or Offices (S9)
Building sqft 3,920
Building dimensions 20 ft x 55 ft
Buildings on lot 2
Stories 3
Year built 1909
Construction type
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Zoning & Use for 1240 Hancock Street, Brooklyn

Zoning
Residential units (DOF) 5
Commercial units 2
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 32
Community district 4
Closest police station 0.51 Miles
Closest fire station 0.28 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 1240 Hancock Street, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 1240 Hancock Street, Brooklyn, NY 11221, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 1240 Hancock Street, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 509 Wilson Ave, Brooklyn, NY 11221
  • 511-513 Wilson Ave, Brooklyn, NY 11221

About 1240 Hancock Street, Brooklyn

How many square feet does 1240 Hancock Street, Brooklyn, NY 11221 have?

This Single or Multiple Dwelling with Stores or Offices (S9) located at 1240 Hancock Street, Brooklyn, NY 11221 has a total of 3,920 square feet.

What is the year built & the current market value of 1240 Hancock Street, Brooklyn, NY 11221?

1240 Hancock Street, Brooklyn, NY 11221 was built in 1909 and has a current tax assessor's market value of $826,000.

How many commercial spaces does this building have?

This building has 2 commercial spaces available for lease.

Ownership Information for 1240 Hancock Street, Brooklyn

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Property owner name for 1240 Hancock Street, Brooklyn, NY 11221
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Building contacts for 1240 Hancock Street, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 1240 Hancock Street, Brooklyn

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No recorded sales for this property.

Title Documents for 1240 Hancock Street, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
11/14/2023 - D
11/21/2023 - R
Agreement
(2023111600266004)
11/14/2023 - D
11/21/2023 - R
Mortgage
(2023111600266003)
11/02/2023 - D
11/21/2023 - R
Assignment, Mortgage
(2023111600266002)
11/02/2023 - D
11/21/2023 - R
Termination of Assign of L&R
(2023111600266001)
03/30/2017 - R UCC3 Termination
(2017032901360001)
10/11/2004 - D
11/04/2004 - R
UCC3 Termination
(2004101100400001)
07/10/2004 - D
08/24/2004 - R
Contract of Sale
(2004081900880001)
06/02/2004 - D
06/17/2004 - R
Initial UCC1
(2004060201986001)
12/12/2003 - D
03/17/2004 - R
Mortgage
(2004010802100003)
04/24/2001 - R Satisfaction of Mortgage
(3050007620205)
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R: Recorded date
D: Document date

Property Taxes for 1240 Hancock Street, Brooklyn

Access detailed property tax data for 1240 Hancock Street, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $13,590
Estimated property tax: $14,676
Tax assessor's market value: $826,000
Assessed value: $371,700

Assessment History for 1240 Hancock Street, Brooklyn

Here's the assessment & property tax history for 1240 Hancock Street, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $826,000 $371,700 $109,251 12.439% $13,590 $13,590 +2.76%
2024/25 $757,200 $340,740 $105,801 12.5% $13,225 $13,225 +7.92%
2023/24 $631,000 $283,950 $98,020 12.502% $12,254 $12,254 +10.02%
2022/23 $526,000 $236,700 $90,799 12.267% $11,138 $11,138 +0.31%
2021/22 $421,000 $189,450 $90,760 12.235% $11,104 $11,104 +7.71%

Permits for 1240 Hancock Street, Brooklyn

The complete history of permits filed for 1240 Hancock Street, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
05/28/2009 Alteration type 2
11/23/2007 Alteration type 2
10/02/1995 Alteration type 2
         
         
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Halsey St & Wycoff Ave at SW Corner
Station lines L
Distance (miles) 0.382
View subway map
Bus Routes
Name Wilson Av/Hancock St
Line B60
Distance (miles) 0.031

Neighbors for 1240 Hancock Street, Brooklyn

Here are the neighbors for 1240 Hancock Street, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
1244 Hancock St, Brooklyn 3,300 05/29/2024 $1,100,000
1246 Hancock St, Brooklyn 3,300 04/18/2013
1254 Hancock St, Brooklyn 3,180 02/24/2015 $1,275,000
1256 Hancock St, Brooklyn 2,650 01/24/2008
175 Weirfield St, Brooklyn 1,960 07/08/2015
1258 Hancock St, Brooklyn 2,650 10/31/2003 $360,400
515 Wilson Ave, Brooklyn 4,860 12/07/2016 $1,500,000
243 Weirfield St, Brooklyn 5,500 05/14/1973
1172 Hancock St, Brooklyn 1,944 07/02/2004
1250 Hancock St, Brooklyn 3,180 08/23/2021
1260 Hancock St, Brooklyn 2,650 05/23/1966
181 Weirfield St, Brooklyn 1,944 06/06/2017
1174 Hancock St, Brooklyn 1,944 11/03/2021 $990,000
177 Weirfield St, Brooklyn 1,944 03/16/2006
1252 Hancock St, Brooklyn 3,180 08/06/2022
517 Wilson Ave, Brooklyn 4,860 08/04/2014 $400,000
1168 Hancock St, Brooklyn 1,960 11/23/2020
1242 Hancock St, Brooklyn 3,300 05/12/2022 $1,150,000
1248 Hancock St, Brooklyn 3,300 08/21/2024
1178 Hancock St, Brooklyn 1,960 10/04/2021 $980,000
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