1545 Pacific St - Apartments FOR SALE


Brooklyn, NY 11213- Crown Heights
$1,800,000 USD
516-974-6694
1545 Pacific St, Brooklyn, NY for Sale
$1,800,000 USD
Apartments - FOR SALE
1/14
null | 6.87% 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

OVERVIEW

Cushman & Wakefield (“C&W”) has been exclusively retained to arrange the sale of 1545 Pacific Street. The property is located in the heart of Crown Heights, one block from Atlantic Avenue. This residential building comprises seven units across three stories, totaling approximately 2,990 square feet. The building features five studio apartments and two one-bedroom units, providing an efficient and versatile unit mix well-suited to the neighborhood’s strong renter demand. The property’s Tax Class 2B designation provides meaningful protections against rapid tax increases, offering ownership a layer of financial predictability and stability. 1545 Pacific Street benefits from an exceptional location with immediate access to Atlantic Avenue — one of Brooklyn’s premier retail corridors. The property is also within close walking distance of the A and C train lines at the Kingston-Throop Avenue station on Fulton Street. This ensures strong commuter connectivity for residents traveling throughout the borough and beyond. This offering represents a compelling opportunity to acquire a centrally positioned residential asset with a strong in-place cap rate of 7%, stable in-place income, and long-term appreciation potential in one of Brooklyn’s most sought-after and rapidly evolving neighborhoods.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$522 USD /SF

# OF UNITS

7

PRICE/UNIT

$257,143

CAP RATE

6.87%

% 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

1,742 SF

ZONING

R6

APN/PARCEL ID

01204-0058

ASK ABOUT THIS PROPERTY

Kieran BakerCushman & WakefieldMore Info
516-974-6694

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Kieran BakerCushman & WakefieldMore Info
516-974-6694

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