1509 Pacific St - Apartments FOR SALE


Brooklyn, NY 11213- Crown Heights
$3,700,000 USD
718-663-2639
1509 Pacific St, Brooklyn, NY for Sale
$3,700,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1509 Pacific St
Brooklyn, NY 11213
Crown Heights


HIGHLIGHTS

  • Renovated Eight-Unit Building- Four-story brick multifamily with a desirable unit mix
  • Building Delivered 100% Vacant- Delivered vacant at closing, offering a blank slate for lease-up or repositioning
  • Attractive Crown Heights Location- Five minute walk to Kingston-Throop A/C subway station. Steps from Brower Park & Brooklyn Children's Museum
  • Tax Class 2A- Tax class 2A limits assessment increases to 8% per year (capped at 30% over five years)
  • Strong Long-Term Fundamentals - A rare opportunity to establish a presence in Crown Heights, one of Brooklyn's most rapidly appreciating neighborhoods

OVERVIEW

RIPCO REAL ESTATE is pleased to present 1509 PACIFIC STREET — a renovated, eight-unit multifamily building in the heart of Crown Heights, Brooklyn. This four-story walkup features a balanced unit mix: four (4) two-bedroom, two-bath units and four (4) three bedroom, three-bath units. Recently operated as a co-living asset, the building has undergone substantial renovations, including in-unit washer/dryers and split system A/C in every room. Located just steps from Brower Park and the Brooklyn Children’s Museum, 1509 Pacific sits at the center of one of Brooklyn’s most dynamic and culturally rich neighborhoods. The surrounding blocks are a blend of historic brownstones, new developments, and a growing number of cafes, restaurants, and creative spaces that continue to attract renters and end-users alike. With full vacancy at closing, investors have the opportunity to immediately implement their business plan, whether stabilizing as a traditional multifamily rental, reintroducing a co-living model, or converting the building to condominiums. The property also benefits from proximity to major subway lines, further enhancing its long-term value. For more information or to arrange a tour, please contact the exclusive agents.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$544 USD /SF

# OF UNITS

8

PRICE/UNIT

$462,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Common Kingston

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,043 SF

ZONING

R6

APN/PARCEL ID

01204-0077

ASK ABOUT THIS PROPERTY

Stephen PreussRipco Real EstateMore Info
718-663-2639

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Stephen PreussRipco Real EstateMore Info
718-663-2639

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.