1253 Pacific St
Brooklyn, NY 11216
Multifamily Property For Sale · 4 Units

exciting high-growth location with a strong rent roll and major upside This gorgeous four (4) story brownstone is located in prime North Crown Heights and features four (4) income-producing apartments and can be delivered vacant or occupied. It offers approximately 3,700 square feet, slightly bigger than most Brooklyn brownstones, and is 20 feet wide x 53 on the first two floors. Each of the four (4) apartments is a full-floor two bedroom/ one bathroom and most are convertible to three bedrooms. All apartments feature updated kitchens and baths, hardwood floors and exposed brick. Unit 1 features private access to the yard. 1253 Pacific Street is conveniently located between two of the most exciting Restaurant Rows in Brooklyn today, Franklin Avenue to the west and Nostrand Avenue to the east (see map). The area is a hive of activity with trendy restaurants, coffee shops, and bike shops. It's almost like buying near the Smith Street Restaurant Row in Boerum Hill, but for half the price(!) and with surprisingly more convenient transportation. The area is also home to major new development such as The Dean (www.thedeanbk.com) and popular adaptive reuse development such as Berg'n (www.bergn.com) alongside neighborhood staples like King Tai (www.kingtaibar.com) , Sweetbar (www.sweetbar.com) , Nagels Bagels, The Breuklen, and Meme's. North Crown Heights is a mass transit power-house with convenient transportation and popular bike lanes. To the north, just steps away, is the Fulton/ Nostrand Express A/C train (12 minutes to Manhattan and 20 Minutes to 14th Street). To the south, both the 3/4 Subways are less than a ten minute walk down bustling Nostrand Ave. Finally, the ultra-fast B44 goes straight to and from Williamsburg 24 hours a day, seven days a week. Because of its incredible location, Pacific Street is still experiencing a re-birth for the record books. The south side of the street features restored pre-war apartment buildings and condominiums while the north side is an unbroken line 19th century brownstone townhouses. Most have been restored to their original glory over the last 10 years. This building would be perfect for an investor or end-user looking for high income. It comes with approximately $120k in current income, with upside towards $150K/yr. All mechanicals, plumbing and electric are updated and the expenses are low, approximately $18K/yr. Don't miss the opportunity to own in this four family in an exciting high-growth location. (Co-brokers welcome)