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598 Pacific St
Brooklyn, NY 11217
Multifamily Property For Sale
·
2 Units
Executive Summary
598 Pacific Street presents a rare opportunity to acquire a fully vacant mixed-use townhouse in one of Brooklyn's most dynamic and high-traffic locations — directly across from Barclays Center. The property features a flexible retail duplex with sub-basement and a two-bedroom residential duplex, both delivered vacant for immediate market repositioning. Located within Brooklyn's Pacific Park redevelopment district, the asset benefits from unrivaled transit access, strong neighborhood demand, and consistent event-driven foot traffic from Barclays Center's hundreds of annual events. The surrounding neighborhoods of Park Slope, Prospect Heights, and Downtown Brooklyn post median household incomes of $130,000 to $189,000 — among the wealthiest urban corridors in America. The retail component's split-level layout supports a range of commercial uses including hospitality, boutique retail, wellness, or experiential concepts. The residential duplex offers stable rental income or owneroccupancy potential.
Property Facts
| Price Per Unit | $1,350,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.02 AC |
| Cap Rate | 5.74% | Building Size | 2,664 SF |
| No. Units | 2 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1899 |
| Apartment Style | Low-Rise | ||
| Zoning | R6B - R6B | ||
| Price Per Unit | $1,350,000 |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.02 AC |
| Building Size | 2,664 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1899 |
| Zoning | R6B - R6B |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 2 | - | - |
Property Taxes
| Parcel Number | 00928-0030 | Improvements Assessment | $228,240 |
| Land Assessment | $11,820 | Total Assessment | $240,060 |
Property Taxes
Parcel Number
00928-0030
Land Assessment
$11,820
Improvements Assessment
$228,240
Total Assessment
$240,060
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