89 Hanson Place
MLS® #RLS20070799
Listing by Realty Collective LLC
7
Bedrooms
7
Baths
2,700
Sq. Ft.
1900
Year Built
Quick Summary
Property Highlights
- Views: City
- Exposure: North,South facing
- Character: Pre-war building (1900)
Property Details
Description
Rent-Stabilized Fort Greene Brownstone - Cash Flowing with 5% Cap Rate
This exceptional 7-unit brownstone delivers a net operating income of $97K and an attractive 5% cap rate at asking price in one of Brooklyn's most coveted neighborhoods.
The property is fully occupied with meticulously screened and reliably paying tenants, providing immediate stability. While situated near some of Brooklyn's most desirable landmarked blocks, this property is not itself on a preserved block. With 2,000 sq ft of unused FAR, there are significant possibilities for development.
This well-preserved four-story building features soaring ceilings, original hardwood floors, opulent crown moldings, and tall windows that flood the space with natural light. All units have been consistently maintained and require no cosmetic improvements.
This rare offering combines immediate cash flow stability with significant value-add potential, making it an ideal acquisition for investors seeking both reliable current returns and future upside through strategic development.
Showings by appointment contact for building financials and additional photos: / .
Features & Amenities
Interior Features
Building Information
Financial Details
About Fort Greene
View All Fort Greene ListingsFort Greene is a culturally rich neighborhood centered around the beautiful Fort Greene Park. Home to the Brooklyn Academy of Music (BAM), the area is a hub for the arts and creative expression. The real estate market is highly diverse, featuring some of Brooklyn's most impressive historic brownstones, stately cooperatives, and sleek new construction towers that offer sweeping views of the borough and Manhattan.
Fort Greene Live Market Data
View NeighborhoodActive Listings
21
Median Asking Price
$1.90M
Median $/Sqft
$1,288
Avg Days on Market
N/A
New This Week
0
Price Reduced
33%
Sold (30 Days)
6
Median Sale Price
$1.97M
Live data from RLS at REBNY • Updated 2/16/26, 3:03 AM EST
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Location
89 Hanson Place, Fort Greene, Kings County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
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Listing Courtesy of Realty Collective LLC - Victoria K Alexander
Listing Contact: (718) 834-1440
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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
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RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 8:03 AM UTC