$2,150,000
Updated 9 years ago
Off Market

888 Pacific Street

Prospect Heights, Brooklyn | Underhill Ave & Washington Ave

10 Rooms6 Beds3 Baths2,040 Square FeetMulti-Family

$2,150,000
floors / apts4 / 3
Lot Size19'x67'5"
ZoneR6A
Building TypeTownhouse
RE Taxes$1,752
Price Per SF
$1,054

Outdoor space and views

  • Backyard
  • Garden

Building Amenities

  • Voice Intercom
  • Garden

Property Description for 888 Pacific Street

Accepted offer. Contract out. This Prospect Heights multi-family features a location that cannot be beat. Move-in ready, 888 Pacific Street features 3 two bedroom apartments in good condition. With a few slight cosmetic upgrades, it will easily offer a cap rate of over 5% on an annual rent roll of approximately $120,000. Ideal for both investor and an end user as the ground floor apartment (which includes a finished basement) will become vacant on Feb 1st. The remaining two apartments are on month-to-month leases. Zoning also appears to allow for mixed-use, therefore the possibilities are endless. Location-wise, 888 Pacific street's prime position in Prospect Heights puts you close to the Barclay Center, Clinton Hill, Fort Greene and Park Slope. As well as Prospect Park and the Brooklyn Museum. It's also close to the second largest transportation hub in all of NYC, Atlantic Terminal, with access to the 2,3,4,5,B,D,F,N,Q,R AND LIRR trains. The C train is also nearby. Lifestyle-wise, you are at the epicenter of the finest that Brooklyn has to offer. Highlighted by Flatbush Farm, Habana Outpost Brooklyn, Tom's Restaurant & the Vanderbilt, there are too many eateries, local and chain shops to list. All of this, and the multi-billion dollar Pacific Park development and its endless amenities will be just two blocks away. (pacificparkbrooklyn.com) You will not find a better building in all of Brooklyn at this price point.

Listing History for 888 Pacific Street

Now
09/29/2016
POM by mTkalla Keaton
Compass
07/01/2016
TOM by mTkalla Keaton
Compass

Building Details for 888 Pacific Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

Clinton-Washington Avs
0.22 miles
Franklin Av
0.41 miles
7 Av
0.46 miles
Grand Army Plaza
0.48 miles

Citi Bike

Underhill Ave & Pacific St
0.02 miles
Grand Ave & Bergen St
0.19 miles

Contact Agents

Contact Agents

Prospect Heights | Brooklyn

Quick Profile

Prospect Heights is a small residential neighborhood surrounded by big attractions. It’s rich in culture and offers the perfect blend of old Brooklyn charm and modern-day hipness. 

Residents of this tight-knit community include young professionals, families and long-time residents. It’s a walkers paradise - just steps from Prospect Park and a short walking distance to neighborhoods like Downtown Brooklyn, Fort Green and Clinton. You’re close to culture too. Brooklyn Museum, Brooklyn Library, Brooklyn Botanical Garden, Brooklyn Academy of Music and the Barclays Center are all nearby.

Prospect Heights is bordered by Flatbush Avenue to the west, Washington Avenue to the east, Atlantic Avenue and Dean Street to the north and Eastern Parkway to the south.

Prospect Heights, like many areas of New York City, was first inhabited by indigenous tribes and eventually settled by the Dutch and turned into farmland. 

A significant part of the Revolutionary War was fought in Prospect Heights and the surrounding areas. Known as the Battle of Brooklyn, it was the first military engagement following the Declaration of Independence. Things didn’t go so well for American forces so they retreated and the British occupied Manhattan for several years after the Battle of Brooklyn.

In 1867, the opening of Prospect Park caused major housing growth in Prospect Heights. The middle-class neighborhood was soon populated by Jewish, Italian, and Irish workers. Many of which were shop-owners or employed as laborers in nearby factories.

Housing in Prospect Heights includes single-family row houses, historic townhouses, co-ops, and new luxury condos. The median listed price for a 1-bedroom in Prospect Heights is $680,000 with an average price per square foot is $944.

The neighborhood's commercial artery runs along Vanderbilt Avenue and Washington Avenue. The variety of businesses adds to the charm of the neighborhood. They include bars, pubs, restaurants and mom-and-pop stores of all types. The shops and eateries are a perfect alternative to the big-name attractions that bracket the neighborhood. It's a little bit of everything in this neighborhood. 

Subways are plentiful in Prospect Heights. Its proximity to Manhattan is another perk of the neighborhood. It's about a half-hour train ride. The B, D, N, Q, R, 2, 3, 4 and 5 subway lines all serve the Atlantic Avenue/Barclays Center station. 2, 3, 4, B and Q trains cover the neighborhood and the A and C trains are nearby too. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 62327TH