# 702 Hancock Street, Brooklyn

Condominium · 8 units · built 2022 · Block 1662, Lot 7503.

On Umarelli: https://umarelli.org/nyc/3016627503/702-hancock-street

More construction in Bedford-Stuyvesant: https://umarelli.org/nyc/brooklyn/bedford-stuyvesant.md

## Building permits

- New Building — Multi-Family, filed Jan 20, 2022, estimated cost $2.3M, 8 units, 4 stories, described as “New 4 story + penthouse + cellar building for 8 dwelling units.”
- Alteration, filed Dec 14, 2023, estimated cost $85K, described as “Install solar PV system on the existing rooftop. No changes to use, egress or occupancy.”
- Alteration, filed Mar 22, 2023, estimated cost $5K, described as “Installation of 300PSF sidewalk shed and pipe scaffolding as per plans. All equipment shall comply with chapter #33 of the NYC building code 2022. No change in use, occupancy, or egress under this application.”
- Alteration, filed Feb 14, 2022, estimated cost $136K, described as “Mechanical Work in association with 4 story + PH + Cellar construction. General construction filed under job # B00642052.”
- Alteration, filed Feb 14, 2022, estimated cost $164K, described as “Sprinkler work for 4 story + Penthouse + cellar multifamily building. General construction filed under B00642052. Combined domestic/sprinkler service filed under B00644819”
- Alteration, filed Feb 14, 2022, estimated cost $27K, described as “Support of Excavation for foundation for 4 story + penthouse + cellar multi-family construction.”
- Alteration, filed Feb 14, 2022, estimated cost $136K, described as “Plumbing work for 4 story + Penthouse + Cellar construction. General construction filed under job # B00642052”
- Alteration, filed Oct 27, 2021, estimated cost $35K, described as “Partial demolition of one (1) story masonry garage”
- Alteration, filed Sep 14, 2021, estimated cost $3K, described as “Construction fence for demolition of 1 story garage followed by new residential building”

## Property taxes

- Assessment: $740,250
- 2026–27 tax: $87,839
- Market value (city estimate): $1,645,000
- Taxable value: $706,158
- Assessed land: $115,649
- Assessed improvements: $624,601
- Condo units with their own tax lots: 8

## Zoning

R6B: floor area ratio 2.23 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Nov 5, 2025: $807,300, Apt 3B
- Oct 3, 2025: $832,528, Apt 3A
- Sep 30, 2025: $720,000, Apt 1A
- Sep 12, 2025: $802,254, Apt 2B
- Jul 30, 2025: $1,165,000, Apt 4A
- Apr 22, 2025: $810,000, Apt 2A
- Mar 4, 2025: $1,195,000, Apt 4B
- Feb 28, 2025: $1,420,459, Apt 1B

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Permits Filed for 702 Hancock Street in Bedford-Stuy, Brooklyn](https://newyorkyimby.com/2023/03/permits-filed-for-702-hancock-street-in-bedford-stuyvesant-brooklyn.html), New York YIMBY, Mar 15, 2023.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology