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1526 Pacific St 10 Unit Apartment Building $1,850,000 ($185,000/Unit) 9.72% Cap Rate Brooklyn, NY 11213
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! 9.72 Cap 100% Occupied 10 Unit Apartment Building In Crown Heights For Sale!!!
- The Property Is Located In The Heart Of Crown Heights Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!!
- This Property Offers HUGE Upside Potential!!!
- The Property Features Excellent Signage, Great Exposure, R6 Zoning, 6 Parking Spaces, High 8’ Ceilings, Low Property Taxes, 200 Amp Power, A/C, +++!!
- Neighbors Include USPS, UPS, The Home Depot, Dunkin’, CubeSmart Self Storage, Walgreens, AutoZone, Bank Of America, Planet Fitness, +++!!!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Executive Summary
Calling All Investors, Developers, & End-Users!!! 9.72 Cap 100% Occupied 10 Unit Apartment Building In Crown Heights For Sale!!! The Property Features Excellent Signage, Great Exposure, R6 Zoning, 6 Parking Spaces, High 8’ Ceilings, Separate Meters, Low Property Taxes, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of Crown Heights 1 Block From Atlantic Avenue!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!! Neighbors Include USPS, UPS, The Home Depot, Dunkin’, CubeSmart Self Storage, Walgreens, AutoZone, Bank Of America, Planet Fitness, Blink Fitness, GameStop, Baskin-Robbins, Mobil, McDonald’s, Mavis Discount Tire, Family Dollar, Wendy’s, White Castle, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Unit 1 (3Br. Apt.): $24,388.56 Ann. Lease Exp.: 6/30/27.
Unit 2 (3 Br. Apt.): $22,850.28 Ann. Lease Exp.: 9/30/26.
Unit 3 (3 Br. Apt.): $26,400 Ann. Lease Exp.: 6/30/26.
Unit 4 (3 Br. Apt.): $14,034.84 Ann.; Lease Exp.: 9/30/26.
Unit 5 (3 Br. Apt.): $10,368.72 Ann.; Lease Exp.: 1/31/27.
Unit 6 (3 Br. Apt.): $23,395.20 Ann.; Lease Exp.: 6/30/24.
Unit 7 (1 Br. Apt.): $18,261.84 Ann.; Lease Exp.: 6/30/25.
Unit 8 (1 Br. Apt.): $29,595.24 Ann.; Lease Exp.: 8/31/27.
Unit 9 (1 Br. Apt.): $25,800 Ann.; Lease Exp.: 12/31/23.
Unit 10 (1 Br. Apt.): $21,313.56 Ann.; Lease Exp.: 2/28/26.
Gross Income: $216,408.24 Ann.
Expenses:
Gas: $3,151.60 Ann.
Electric: $1,872.01 Ann.
Water + Sewer: $13,954.38 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $4,359 Ann.
Taxes: $13,050.28 Ann.
Total Expenses: $36,637.27 Ann.
Net Operating Income (NOI): $179,770.97 Ann. (9.72% Cap!!!)
Income:
Unit 1 (3Br. Apt.): $24,388.56 Ann. Lease Exp.: 6/30/27.
Unit 2 (3 Br. Apt.): $22,850.28 Ann. Lease Exp.: 9/30/26.
Unit 3 (3 Br. Apt.): $26,400 Ann. Lease Exp.: 6/30/26.
Unit 4 (3 Br. Apt.): $14,034.84 Ann.; Lease Exp.: 9/30/26.
Unit 5 (3 Br. Apt.): $10,368.72 Ann.; Lease Exp.: 1/31/27.
Unit 6 (3 Br. Apt.): $23,395.20 Ann.; Lease Exp.: 6/30/24.
Unit 7 (1 Br. Apt.): $18,261.84 Ann.; Lease Exp.: 6/30/25.
Unit 8 (1 Br. Apt.): $29,595.24 Ann.; Lease Exp.: 8/31/27.
Unit 9 (1 Br. Apt.): $25,800 Ann.; Lease Exp.: 12/31/23.
Unit 10 (1 Br. Apt.): $21,313.56 Ann.; Lease Exp.: 2/28/26.
Gross Income: $216,408.24 Ann.
Expenses:
Gas: $3,151.60 Ann.
Electric: $1,872.01 Ann.
Water + Sewer: $13,954.38 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $4,359 Ann.
Taxes: $13,050.28 Ann.
Total Expenses: $36,637.27 Ann.
Net Operating Income (NOI): $179,770.97 Ann. (9.72% Cap!!!)
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$216,408
|
$27.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$216,408
|
$27.74
|
| Taxes |
$13,050
|
$1.67
|
| Operating Expenses |
$23,587
|
$3.02
|
| Total Expenses |
$36,637
|
$4.70
|
| Net Operating Income |
$179,771
|
$23.05
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $216,408 |
| Annual Per SF | $27.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $216,408 |
| Annual Per SF | $27.74 |
| Taxes | |
|---|---|
| Annual | $13,050 |
| Annual Per SF | $1.67 |
| Operating Expenses | |
|---|---|
| Annual | $23,587 |
| Annual Per SF | $3.02 |
| Total Expenses | |
|---|---|
| Annual | $36,637 |
| Annual Per SF | $4.70 |
| Net Operating Income | |
|---|---|
| Annual | $179,771 |
| Annual Per SF | $23.05 |
Property Facts
| Price | $1,850,000 | Building Class | C |
| Price Per Unit | $185,000 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 7,800 SF |
| Cap Rate | 9.72% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Parking Ratio | 0.77/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | R6 | ||
| Price | $1,850,000 |
| Price Per Unit | $185,000 |
| Sale Type | Investment |
| Cap Rate | 9.72% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 7,800 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1931 |
| Parking Ratio | 0.77/1,000 SF |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Security System
- Storage Space
- Bicycle Storage
- Public Transportation
- Walk-Up
Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 01210-0038 | Total Assessment | $758,250 |
| Land Assessment | $11,250 | Annual Taxes | $13,050 ($1.67/SF) |
| Improvements Assessment | $747,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
01210-0038
Land Assessment
$11,250
Improvements Assessment
$747,000
Total Assessment
$758,250
Annual Taxes
$13,050 ($1.67/SF)
Tax Year
2025
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1526 Pacific St
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