1545 Pacific St - Apartments FOR SALE


Brooklyn, NY 11213- Crown Heights
$1,900,000 USD
718-360-8801
1545 Pacific St, Brooklyn, NY for Sale
$1,900,000 USD
Apartments - FOR SALE
1/15
null | 6.61% Cap Rate

1545 Pacific St
Brooklyn, NY 11213
Crown Heights


HIGHLIGHTS

  • Crown Heights 7-Unit Brownstone | Preferential Rents | Vacant Unit
  • Located between Kingston Avenue and Albany Avenue in the Crown Heights III Historic District section of Brooklyn
  • The property is built 19.17 ft. × 45 ft. and sits on a 19.17 ft. × 100 ft. lot
  • The building is fully rent stabilized and currently occupied with several units paying preferential rents below the legal regulated rents
  • The ground floor unit will be delivered vacant
  • Tax Class 2B status and is located within an R6 zoning district

OVERVIEW

Investment Property Realty Group (IPRG) is pleased to present 1545 Pacific Street, a seven-unit brownstone located between Kingston Avenue and Albany Avenue in the Crown Heights section of Brooklyn. The property is built 19.17 ft. × 45 ft. and sits on a 19.17 ft. × 100 ft. lot. The building is fully rent stabilized and currently occupied with several units paying preferential rents below the legal regulated rents, providing a potential path for future rent growth. The ground floor unit will be delivered vacant. 1545 Pacific Street benefits from Tax Class 2B status and is located within an R6 zoning district. The property is also situated in the Crown Heights North III Historic District.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$510 USD /SF

# OF UNITS

7

PRICE/UNIT

$271,429

CAP RATE

6.61%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1879

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,887 SF

ZONING

R6

APN/PARCEL ID

01204-0058

ASK ABOUT THIS PROPERTY

Derek BestreichInvestment Property Realty GroupMore Info
718-360-8801

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Derek BestreichInvestment Property Realty GroupMore Info
718-360-8801

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