1526 Pacific St - Apartments FOR SALE


Brooklyn, NY 11213- Crown Heights
$1,795,000 USD
347-446-4937
1526 Pacific St, Brooklyn, NY for Sale
$1,795,000 USD
Apartments - FOR SALE
1/7
null | 8.97% Cap Rate

1526 Pacific St
Brooklyn, NY 11213
Crown Heights


OVERVIEW

Ideal investment opportunity in the heart of Crown Heights at 1526 Pacific Street. Great for the buyer looking for the high cap rate and the upside the area has. This rent stabilized building is an Eight unit property but currently confirmed as a 10 unit rental building. The total square footage of the property is 7.800 square feet with no such air rights or buildable capabilities. At $1,795,000.00, the current price per square foot is: $230! The current NET on this deal is $161,025.13 with a cap rate of 8.97%. Various units can be delivered vacant so capability for end user or developer with a long term play. Rent Roll can be provided upon request and the building information is as follows: Building Dimensions: 27 X 85 Lot Dimensions: 27 X 101.17 Zoning: R6

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

8

PRICE/UNIT

$224,375

CAP RATE

8.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R6

APN/PARCEL ID

01210-0038

ASK ABOUT THIS PROPERTY

Santo RosabiancaThe Corcoran GroupMore Info
347-446-4937

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Santo RosabiancaThe Corcoran GroupMore Info
347-446-4937

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