THE CONDO BOOK PROJECT

1020 Hancock Street Condominium

1020 Hancock Street, Brooklyn, NY 11221

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Overview

Units
8 residential · 6 storage
Subway
3 min walk to Halsey St JChauncey St J Z, 9 min
Principals
Zhi Xiang Lin, Yong Lin
Average $/sf
$1,181Homes in Schedule A, as first offered
Common charges
$279–$671 a monthSponsor's first-year estimate in Schedule A, January 1, 2025 To December 31, 2025
Offering price
$6.3 million total

The sponsor of record is 1020 Hancock St LLC, represented by Eial Girtz, PC. The offering plan runs 277 pages. The sponsor has filed 2 amendments, the latest in December 2024. The nearest other condo plan on file is 1019 Hancock Street Condominium, next door.

Plan CD240022 · New · accepted Apr 19, 2024 · AG record ↗

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FigureThis building1Macon On The Park Condominium I27 units · 0.3 miaccepted 20241019 Hancock38 units · 0 miaccepted 2024
Common ChargesPer Square Foot / Month$0.59Highest$0.43$0.51
Average Offering PricePer Apartment$780,250In line$755,714$903,125
Average PricePer Square Foot$1,181Above peers$1,144$1,154
Property TaxesPer Square Foot / Month$0.29Below peers$0.93$0.32
Average Unit SizeSquare Feet661 SFIn line660 SF783 SF

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Unit mix, closings, budgets, finishes and the team, against Macon On The Park Condominium I and 1019 Hancock, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed100% of the homes in Schedule A8 of 8
Closing prices vs. Schedule A8 homes: $5,465,786 at closing against $6,242,000 in Schedule A (p. 36)−12.4%
Average closing price8 homes, on their Schedule A square feet$1,034 / SF
Closingsfirst and latest recordedApr 8, 2025 – Sep 18, 2025

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 8 closings
HomeRecordedClosing priceSchedule ADifference
3Apr 8, 2025$585,000$699,000 p. 36−16.3%
4Apr 16, 2025$680,000$749,000 p. 36−9.2%
5Apr 24, 2025$625,000$699,000 p. 36−10.6%
6Apr 24, 2025$630,000$699,000 p. 36−9.9%
7Jun 12, 2025$595,000$699,000 p. 36−14.9%
1Aug 20, 2025$600,000$699,000 p. 36−14.2%
2Sep 11, 2025$880,786$999,000 p. 36−11.8%
8Sep 18, 2025$870,000$999,000 p. 36−12.9%

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
1020 Hancock St LLC
Principals
Zhi Xiang Lin, Yong Lin
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Five Towns Investors$2.65 million loan stated in the plan

From our research: Do NYC Developers Rehire the Same Firms?

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