1545 Pacific Street, Brooklyn, NY 11213
Local realty services provided by:CENTURY 21 Awaye Realty
1545 Pacific Street,Brooklyn, NY 11213
$1,575,000
- 7 Beds
- 7 Baths
- 2,990 sq. ft.
- Multi-family
- Active
Listed by: wilson zorrilla
Office: exp realty nyc
MLS#:RLS20120799
Source:NY_REBNY
Price summary
- Price:$1,575,000
- Price per sq. ft.:$526.76
About this home
1545 Pacific Street | 7-Unit Rent-Stabilized Brownstone | 9.98% Stabilized Cap<br>Marketing description<br>eXp Realty is pleased to present 1545 Pacific Street, a well-positioned 7-unit rent-stabilized brownstone in Brooklyn’s Crown Heights neighborhood, offered at $1,575,000.<br><br>The property presents an attractive opportunity for investors seeking strong existing income combined with immediate upside. Five apartments are currently occupied at rents that are relatively close to their registered levels, while two apartments—Garden/1G and 3B—are intentionally being held vacant for the incoming purchaser, providing the new owner with flexibility upon acquisition.<br><br>The 2025 DHCR registration reflects legal registered rents of $2,450.74/month for Garden/1G and $2,668.75/month for 3B. Including these legal rents in the stabilized rent roll results in approximately $186,942 in annual gross rental income, an estimated $159,684 NOI, and an attractive 9.98% stabilized cap rate at the $1.575M asking price.<br><br>The property benefits from relatively low operating expenses, including annual real estate taxes of approximately $11,262 and insurance of approximately $3,600. Ownership currently reports approximately $9,096 annually for water, electric and gas combined. An incoming investor may have an additional opportunity to increase NOI by separating electric and gas and shifting individual usage to tenants, subject to all applicable rent-stabilization, utility and regulatory requirements.<br><br>The building offers classic Brooklyn brownstone character, with apartments featuring details such as exposed brick, hardwood flooring, high ceilings and abundant natural light. The property measures approximately 19.17' x 45' on a 19.17' x 100' lot and is situated in an R6 zoning district.<br><br>Location further strengthens the investment. The Kingston–Throop A/C subway station is only a few blocks away, providing convenient access throughout Brooklyn and into Manhattan. The property is also surrounded by the increasingly popular dining and lifestyle destinations of Crown Heights and Bed-Stuy, including Zaca Cafe, Saraghina, Trad Room, L'Antagoniste, Peaches, and numerous additional cafes, restaurants and neighborhood amenities.<br><br>Investment Highlights: 7 rent-stabilized units • 2 apartments intentionally delivered vacant • $1,600,000 asking price • approximately $186,942 stabilized annual rental income • approximately $159,684 NOI • 9.98% stabilized cap rate • $11,262 annual taxes • additional utility-separation upside • R6 zoning • classic brownstone construction • strong Crown Heights/Bed-Stuy location • convenient A/C subway access.<br><br>1545 Pacific Street represents an opportunity to acquire a high-yielding Brooklyn multifamily asset with strong stabilized income, two vacant apartments for the incoming purchaser, and additional operational upside....
Contact an agent
Home facts
- Year built:1931
- Subdivision & Development:Crown Heights
- Listing ID #:RLS20120799
- Added:9 day(s) ago
- Updated:October 23, 2026 at 08:54 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:7
- Full bathrooms:7
- Rooms Total:7
- Living area:2,990 sq. ft.
Structure and exterior
- Year built:1931
- Building area:2,990 sq. ft.
- Architectural Style:Prewar
- Exterior Features:Patio
Finances and disclosures
- Price:$1,575,000
- Price per sq. ft.:$526.76
- Tax amount:$11,262
Features and amenities
- Appliances:Intercom
New listings near 1545 Pacific Street
- Coming Soon
$400,000Coming Soon2 beds 1 baths1,250 sq. ft.1655 Flatbush Avenue #B812, Brooklyn, NY 11210
MLS# 1065257Listed by: LPT REALTY TRI-STATE LLC - Coming Soon
$1,200,000Coming Soon5 beds 3 baths2,139 sq. ft.233A Sumpter Street #A, Brooklyn, NY 11233
MLS# 1065727Listed by: KELLER WILLIAMS CITY VIEWS - Coming Soon
$1,249,000Coming Soon4 beds 3 baths1,920 sq. ft.501 Vandervoort Avenue, Brooklyn, NY 11222
MLS# 1064226Listed by: ORION HOMES REALTY LLC - New
$4,500,000Active3 beds 2 baths1,928 sq. ft.39 Plaza Street W #PH, Brooklyn, NY 11217
MLS# RLS20107012Listed by: CORCORAN GROUP - Open Sun, 1:30 to 2:30pmNew
$1,250,000Active2 beds 2 baths1,271 sq. ft.6917 Shore Road #4APS10, Brooklyn, NY 11209
MLS# RLS20122490Listed by: CORCORAN GROUP - New
$900,000Active3 beds 2 baths2,000 sq. ft.1840 E 32nd Street, Brooklyn, NY 11234
MLS# RLS20122501Listed by: VERUS REAL ESTATE INC - Open Sun, 2:30 to 3:30pmNew
$1,495,000Active3 beds 3 baths1,591 sq. ft.1590 Pacific Street #PH, Brooklyn, NY 11213
MLS# RLS20122503Listed by: BROWN HARRIS STEVENS RESIDENTIAL SALES LLC - New
$625,000Active1 beds 1 baths78 S 1st Street #22, Brooklyn, NY 11249
MLS# RLS20122508Listed by: CORCORAN GROUP - New
$1,625,000Active3 beds 4 baths2,400 sq. ft.142 W 9th Street #2, Brooklyn, NY 11231
MLS# RLS20122518Listed by: DANIEL GALE OF BROOKLYN LLC - New
$628,000Active2 beds 2 baths798 sq. ft.1495 East 28th Street #3E, Brooklyn, NY 11229
MLS# 505585Listed by: PROBASE REAL ESTATE