Updated 19 hours ago
In contract
Crown Heights, Brooklyn | Bedford Ave & Nostrand Ave
17 Rooms8 Beds4 Baths3,800 Square FeetMulti-Family

$2,300,000
floors / apts4 / 4
Lot Size20'x100'
Built Size20'x45'
ZoneR6A
Building TypeTownhouse
RE Taxes$14,496
Price Per SF
$605

Outdoor space and views

  • Backyard

Building Amenities

  • Gated Entry
  • Stoop Entry

Property Description

PRIME INVESTMENT OPPORTUNITY! This gorgeous four-story brownstone is located in prime North Crown Heights and features four fully rented income-producing apartments. It offers approximately 3,700 square feet, slightly bigger than most Brooklyn brownstones, and is 20 feet wide x 53 on the first two floors. Each of the four apartments is a full-floor two bedroom with one bathroom. All apartments feature updated kitchens and baths, hardwood floors and exposed brick and a combination washer dryer. Unit 1 features private access to the yard which is currently being reimagined (see landscape architect drawing). 1253 Pacific Street is conveniently located between two of the most exciting Restaurant Rows in Brooklyn today, Franklin Avenue to the west and Nostrand Avenue to the east (see map below). The area is a hive of activity with trendy restaurants, coffee shops, and bike shops. North Crown Heights is a mass transit power-house with convenient transportation and popular bike lanes. To the north, just steps away, is the Fulton/Nostrand Express A/C train (12 minutes to Manhattan and 20 Minutes to 14th Street). To the south, both the 3/4 Subways are less than a ten minute walk down bustling Nostrand Ave. Finally, the ultra-fast B44 goes straight to and from Williamsburg 24 hours a day, seven days a week. Because of its incredible location, Pacific Street is still experiencing a re-birth for the record books. The south side of the street features restored pre-war apartment buildings and condominiums while the north side is an unbroken line 19th century brownstone townhouses. Most have been restored to their original glory over the last 10 years. This building would be perfect for an investor or end-user looking for high income. It comes with approximately $120k in current income, with upside toward $150K/yr. All mechanicals, plumbing and electric are updated. Don’t miss the opportunity to own in this four family in an exciting high-growth location.

Listing History

Now
03/21/2022
Contract Signed by Harry DiOrio
Compass
2022

Building Details

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Nostrand Av
0.18 miles
Franklin Av
0.31 miles
Park Pl
0.4 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.16 miles

Citi Bike

Bedford Ave & Bergen St
0.14 miles
Macon St & Nostrand Ave
0.22 miles

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: 33328TH