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1253 Pacific St 4 Unit Apartment Building $2,100,000 ($525,000/Unit) 4.93% Cap Rate Brooklyn, NY 11216
Investment Highlights
- Fully Free Market: The property has no history of rent regulation
- Value-Add / Investment Opportunity: The property is in good condition, though renovations would result in improved rent roll
- Protected Tax Class: Tax class 2A limits RE tax increases to no more than 8% a year or 30% over 5 years
- Owner User Opportunity: Finishes, garden access, neighborhood, and transit-oriented location make this an ideal candidate
- Transportation Accessibility: The A, C, & S subway lines and the Long Island Railroad (Nostrand Ave stop) are within 3-5 blocks away
Executive Summary
Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
| Price | $2,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $525,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 4.93% | Building Size | 4,050 SF |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | R6A | ||
| Price | $2,100,000 |
| Price Per Unit | $525,000 |
| Sale Type | Investment |
| Cap Rate | 4.93% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,050 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | R6A |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01200-0064 | Improvements Assessment | $376,200 |
| Land Assessment | $90,450 | Total Assessment | $466,650 |
Property Taxes
Parcel Number
01200-0064
Land Assessment
$90,450
Improvements Assessment
$376,200
Total Assessment
$466,650
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1253 Pacific St
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