$2,450,000
Updated 7 years ago
Sold

1385 Pacific Street

Crown Heights, Brooklyn | New York Ave & Brooklyn Ave

21 Rooms14 Beds8.5 Baths5,240 Square FeetMulti-Family

$2,450,000
floors / apts4 / 4
Lot Size19'x95'
Built Size19'x42'
ZoneR6
Building TypeTownhouse
RE Taxes$3,559
Price Per SF
$468

This property was sold for $2,450,000 on 02/18/20.

Outdoor space and views

  • Frontyard
  • Garden [19'x43']
  • Terrace
  • Skyline Views

Building Amenities

  • Voice Intercom
  • Alarm System
  • Garden

Property Description for 1385 Pacific Street

**Asking only $505/foot - 6% cap rate with over $155k in annual net income on this 2019 renovated 4-unit multifamily investment property in Western Crown Heights!!**The building is vacant with market-rate rentals. This property just underwent an extensive renovation down to the studs and has all new roof, electrical, plumbing, central heat/air, etc. All units have central air, washer/dryer units, individual hot water heaters and are individually metered for gas. The property has video intercom on each floor and Ring security system. The units have hardwood floor and open kitchens with grey shaker style cabinetry with black pulls, white subway tile backsplash, white Caesarstone countertops and stainless-steel GE profile appliances.- Garden duplex - The garden duplex is a 2-bed / Convertible 3-bed with 2.5 bathrooms, internal staircase leading to a recreation room and private outdoor space. The outdoor space is perfect for pet lovers and for entertaining. The recreation room makes for a perfect office, music studio or guest bedroom.- 1st Floor - 10.5 foot ceilings, a terrace off of the bedrooms and an external staircase that leads down to a private yard, the parlor floor is truly a show-stopper! This unit is a 2-bed, Convertible 3-bed with 2-bathrooms. The open layout makes for the perfect space for entertaining either indoors or outdoors!- 2nd Floor - Excellent 2-bed / Convertible 3-bed with 2 full bathrooms. This unit has an exceptional open layout.- 3rd Floor - Similar to the 2nd floor unit, this is a well laid out 2-bed / Convertible 3-bed with 2 full bathrooms.A bulkhead was added to the building that leads to the roof with skyline views and a gated perimeter. 1385 is an excellent opportunity in one of Brooklyns hottest up and coming neighborhoods. Fantastic Crown Heights location moments from Brower Park and the Brooklyn Childrens Museum, and three blocks to the A/C train, two blocks to LIRR and only a few short blocks to the 2, 3 and 4 trains. Located in the heart of a neighborhood that has quickly evolved into one of Brooklyns most dynamic, vibrant and exciting districts. The building is moments away from great cafes, shops and restaurants including: King Tai, Boeuf & Bun, Two Saints, Basil Pizza and Wine Bar, Lula's Bagel, Colina Cuervo BAKERIE, Cocoa Grinder, Super Foodtown, Restoration Plaza and much more.

Building Details for 1385 Pacific Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1915
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Nostrand Av
0.3 miles
Kingston-Throop Avs
0.31 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.12 miles

Citi Bike

Brooklyn Ave & Dean St
0.11 miles
Herkimer St & New York Ave
0.14 miles

Contact Agents

Contact Agents

Luke Parikh
Corcoran
Samuel Jih
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: 75814TH