$2,300,000
Updated 9 years ago
Off Market

1362 Pacific Street

Crown Heights, Brooklyn | New York Ave & Brooklyn Ave

3,030 Square FeetDevelopment Site

$2,300,000
floors / apts3 / 4
Lot Size30'x107'
Built Size20'x45'
ZoneR6
Building TypeTownhouse
RE Taxes$6,384
Price Per SF
$759

Building Amenities

  • Driveway
  • Stoop Entry

Property Description for 1362 Pacific Street

A central Crown Heights development site delivered on a silver platter: 1362 Pacific Street is a beautiful vacant brick 4 family with approved plans to expand and convert to a 7 unit condo, including parking. These plans involve building out over the drive way and extending back on a 30' x 107' lot. This extra wide and extra deep lot offers 7,812 square feet buildable. Current plans are for 6,800. Developers have been $900-$1,000 PSF for new dev sales in the area. The upside on this opportunity is unparalleled.

Located on Pacific St between New York Ave and Brooklyn Avenue, this block is teeming with restoration, ground up, and conversion activity. 1362 Pacific is four blocks from the Kingston C train, three blocks from the Brooklyn Children's Museum, and four blocks from the busy commercial corridor where Rogers Ave and Bedford Ave meet. Restaurants, bars and cafes nearby include Catfish, Café Rue Dix, Tinto Café, Two Saints, Marche, King Tai, Nostrand Ave Pub, Sweet Brooklyn Bar, and Super Power.

Reach out to discuss the current plans and status.

Listing History for 1362 Pacific Street

Now
12/06/2017
POM by Eric Volpe
Douglas Elliman
10/10/2017
$2,300,000 [-$50,000] [2.1%]
Price Drop by Eric Volpe
Douglas Elliman

Building Details for 1362 Pacific Street

OwnershipDevelopment Site
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1905
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

Kingston-Throop Avs
0.3 miles
Nostrand Av
0.35 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.18 miles

Citi Bike

Brooklyn Ave & Dean St
0.06 miles
New York Ave & St Marks Ave
0.17 miles

Contact Agent

Contact Agent

Eric Volpe
Douglas Elliman

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: 70379TH