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1355 Pacific St 8 Unit Apartment Building $2,500,000 ($312,500/Unit) 6.78% Cap Rate Brooklyn, NY 11216
Investment Highlights
- 1355 Pacific Street, is a 8-unit walk-up apartment building located in the Crown Heights neighborhood of Brooklyn, NY
- The property is situated on the north side of Pacific Street between New York and Nostrand Avenues
- The subject property is 26’ wide and contains 8,738 square feet, consisting of eight (8) two-bedroom apartments
- Located within walking distance of the A and C subway lines at the Nostrand Ave station, providing direct access to Downtown Brooklyn & Manhattan
Executive Summary
Investment Property Realty Group (IPRG) has been retained on an exclusive basis to arrange for the sale of 1355 Pacific Street, an 8-unit walk-up apartment building located in the Crown Heights neighborhood of Brooklyn, NY.
The subject property is 26’ wide and contains 8,738 square feet, consisting of eight (8) two-bedroom apartments. The property is situated on the north side of Pacific Street between New York and Nostrand Avenues and is conveniently located within walking distance of the A and C subway lines at the Nostrand Avenue station, providing direct access to Downtown Brooklyn and Manhattan.
The subject property is 26’ wide and contains 8,738 square feet, consisting of eight (8) two-bedroom apartments. The property is situated on the north side of Pacific Street between New York and Nostrand Avenues and is conveniently located within walking distance of the A and C subway lines at the Nostrand Avenue station, providing direct access to Downtown Brooklyn and Manhattan.
Property Facts
| Price | $2,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $312,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.78% | Building Size | 8,738 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R6,Brooklyn,(C1) - medium density residential | ||
| Price | $2,500,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 6.78% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 8,738 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6,Brooklyn,(C1) - medium density residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01201-0040 | Improvements Assessment | $733,500 |
| Land Assessment | $9,000 | Total Assessment | $742,500 |
Property Taxes
Parcel Number
01201-0040
Land Assessment
$9,000
Improvements Assessment
$733,500
Total Assessment
$742,500
Contacts
-
Robert Rappa -
Derek Bestreich -
Luke Sproviero -
Adam Lobel -
Toby Waring -
Stefano Grammatica
-
Investment Property Realty Group
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