1448 Pacific Street, Brooklyn, NY 11216
Local realty services provided by:CENTURY 21 Awaye Realty
1448 Pacific Street,Brooklyn, NY 11216
$2,449,500
- 22 Beds
- 8 Baths
- 6,328 sq. ft.
- Multi-family
- Active
Listed by: anthony l. morris
Office: corcoran bk llc.
MLS#:506032
Source:BROOKLYN
Price summary
- Price:$2,449,500
- Price per sq. ft.:$387.09
About this home
1448 Pacific Street is an eight (8) -unit, four-story building of approximately 6,328 SF in Brooklyn's landmarked Crown Heights North Historic District.
The late-19th-century facade features projecting bay windows, decorative brickwork, ornate rosette detailing, and a denticulated metal cornice, preserved by the district's landmark protections.
The building has five (5) free-market and three (3) rent-stabilized apartments. Most of the projected upside comes from the free-market units, which currently rent between $2,300 and $3,045 per month and are projected at $4,000 at market-rate leasing.
Investment Highlights
Unit mix: (8) units: (5) free-market, (3) rent-stabilized
Occupancy: 7 of 8 units occupied; rent-stabilized unit 1L is vacant
Current rent roll: $213,363 per year (includes legal rent for vacant unit 1L)
Operating expenses: $65,990 (June 2025-May 2026)
Current NOI: $147,373, a 6.0% cap rate on scheduled rents
Projected gross income: $308,319
Projected NOI: $242,329, a 9.9% cap rate (assumes projected rents are achieved and expenses stay flat)
GRM: 11.5x current, 7.9x projected
Projected rent upside: $94,956 per year ($82,500 from free-market units; $12,456 from rent-stabilized units, realizable only as permitted under rent stabilization rules)
Transportation: C at Kingston-Throop Avenues; A/C at Nostrand Avenue
Figures are based on the owner's current rent roll and expense records. Projections are estimates; rents, occupancy, legal rents, and future expenses are subject to buyer verification.
Rent roll, expenses, and Offering Memorandum available on request....
Contact an agent
Home facts
- Year built:1931
- Listing ID #:506032
- Added:1 day(s) ago
- Updated:November 11, 2026 at 09:40 PM
Rooms and interior
- Bedrooms:22
- Total bathrooms:8
- Full bathrooms:8
- Rooms Total:30
- Flooring:Hardwood
- Basement Description:Full
- Living area:6,328 sq. ft.
Heating and cooling
- Heating:Gas, Steam/Radiator
Structure and exterior
- Roof:Flat
- Year built:1931
- Building area:6,328 sq. ft.
- Lot area:0.06 Acres
- Construction Materials:Limestone
- Exterior Features:Back Yard
- Foundation Description:Block
- Levels:4 Stories
Finances and disclosures
- Price:$2,449,500
- Price per sq. ft.:$387.09
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