$4,000,000
Updated 11 years ago
Sold

1162 Pacific Street

Crown Heights, Brooklyn | Franklin Ave & Bedford Ave

24 Rooms12 Beds4 Baths7,927 Square FeetMulti-Family

$4,000,000
floors / apts4 / 4
Lot Size21'6"x120'
Built Size21'6"x105'
ZoneR6A
Building TypeTownhouse
RE Taxes$7,369
Price Per SF
$505

This property was sold for $4,000,000 on 07/20/15.

Outdoor space and views

  • Backyard
  • Balcony
  • Garden
  • Patio

Building Amenities

  • Voice Intercom
  • Garden
  • Gated Entry
  • Laundry Room
  • Outdoor Parking
  • Roof Deck
  • Stoop Entry
  • Storage

Property Description for 1162 Pacific Street

Exceptional, Exemplary Excellence 1162 Pacific is an investor’s dream. This prime property with endless options, boasts 7,927 square feet graciously shared between four units refined and designed to perfection. With some units offering manicured outdoor spaces and exceptional common spaces, this building is everything but common. Whatever your intentions are, the returns on your investment will be gracious; lease and hold with a 5% return, or convert to condo and sell each unit individually. The options are yours, and size, features and location make every option great. 1162 Pacific could be anyone’s dream. While 7.9K square feet may be out of reach for one, it’s attainable for a group of friends looking for an investment or their dream homes. If two to four friends have aspirations for home ownership, joining forces could make this cool space their own. Whether they’re benefiting from a partial or full rent roll, and/or splitting expenses, everyone can own this 21.5’ x 105’ for a fraction of the cost. This property is amazing for one and still more than enough for a group of buyers. Notable Features: GE Energy Efficient Stainless Steel Kitchen Appliance Package, Solid Wood Euro-Styled Kitchen Cabinets with White Quartz Countertops, Solid Oak 3-1/4 Hardwood Flooring, Solid Core 1-3/4 Doors, Exposed Brick, Sound Insulated Floors w/ Greene Glue Compound & Sound Clip Technology, AI Phone Intercom System, and Storage and a Laundry Center in the Cellar equipped with Cable Ready Wiring. Location is everything and this property is located on the vibrant, historic Prospect Heights/Crown Heights border where there’s no shortage of hot spots and trendy eateries in the area. Plenty of transportation options: A,C, 2,3 ,4,5 and Shuttle trains/ Long Island Rail Road. 1162 Pacific channels the past and present of Crown Heights, with its traditional brick façade and its modern, crisp interior. It’s a modern take on classic and all the classics had happy endings—make this unique investment your own.

Listing History for 1162 Pacific Street

Now
07/23/2015
$4,000,000
Sold and Closed by Toni Martin
Corcoran
07/23/2015
$4,000,000 [-$200,000] [4.8%]
Price Drop by Toni Martin
Corcoran

Building Details for 1162 Pacific Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Franklin Av
0.22 miles
Nostrand Av
0.25 miles
Park Pl
0.3 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.29 miles

Citi Bike

Dean St & Franklin Ave
0.1 miles
Bedford Ave & Bergen St
0.11 miles

Contact Agent

Contact Agent

Toni Martin
Corcoran

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

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: 28042TH