THE CONDO BOOK PROJECT

1242 Hancock Street Condominium

1242 Hancock Street, Brooklyn, NY 11221

Overview

Units
3 residential
Subway
9 min walk to Wilson Av LHalsey St L, 9 min
Principals
David Ettedgui, Farhad Bokhour, Zohar Zauber
Average $/sf
$1,187Homes in Schedule A, as first offered
Common charges
$368–$604 a monthSponsor's first-year estimate in Schedule A, March 1, 2025 – February 28, 2026
Offering price
$3.45 million total

The sponsor of record is One Hancock LLC, represented by J/Z Legal. The offering plan runs 362 pages. The nearest other condo plan on file is 496 Wilson Avenue Condominium, next door.

Plan CD240214 · Rehab · accepted Sep 30, 2024 · AG record ↗

Compare

FigureThis building1Sasoon24 units · 0.2 miaccepted 2025935 Lafayette34 units · 1.3 miaccepted 2025
Common ChargesPer Square Foot / Month$0.50Below peers$0.52$0.74
Average Offering PricePer Apartment$1.15MAbove peers$991,250$1.06M
Average PricePer Square Foot$1,187Above peers$971$1,039
Property TaxesPer Square Foot / Month$0.39Lowest$0.70$0.46
Average Unit SizeSquare Feet969 SFSmaller1,021 SF1,022 SF

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Unit mix, closings, budgets, finishes and the team, against Sasoon and 935 Lafayette, 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 A3 of 3
Closing prices vs. Schedule A3 homes: $3,090,000 at closing against $3,450,000 in Schedule A (p. 31)−10.4%
Average closing price3 homes, on their Schedule A square feet$1,063 / SF
Closingsfirst and latest recordedJun 23, 2025 – Jun 16, 2026

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 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 3 closings
HomeRecordedClosing priceSchedule ADifference
2Jun 23, 2025$950,000$950,000 p. 310%
3Apr 29, 2026$1,040,000$1,250,000 p. 31−16.8%
1Jun 16, 2026$1,100,000$1,250,000 p. 31−12%

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Closings are for subscribers

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
One Hancock LLC
Principals
David Ettedgui, Farhad Bokhour, Zohar Zauber
Counsel
J/Z Legal
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection

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

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