$1,599,000
Updated 3 years ago
Off Market

1588 Pacific Street

Crown Heights, Brooklyn | Albany Ave & Troy Ave

10 Rooms5 Beds6 Baths2,750 Square FeetMulti-Family

$1,599,000
floors / apts3 / 2
Lot Size16'x107'
Built Size16'x55'
ZoneR6
Building TypeTownhouse
RE Taxes$7,624
Price Per SF
$581

Outdoor space and views

  • Backyard
  • Deck

Building Amenities

  • Laundry Room

Property Description for 1588 Pacific Street

1588 Pacific is a two family brick townhouse built in 2004 with a total of 5 bedrooms, 6 full bathrooms, and 3 floors of living space plus a fully finished cellar. Built 55 feet deep on a 107 foot lot, this home can be used in a multitude of ways and enjoyed by both investors and end users.

The owners triplex has three large bedrooms and three full bathrooms, a laundry room and a private backyard. The parlor level kitchen, living and dining room are North facing and receive a plethora of sunlight! On the rear of the home, a large bedroom with access to the fully manicured backyard with a flowering peach tree providing shade and treats on hot summer days. A raised deck and turf grass makes it low maintenance and tidy, and offers the perfect landscape for summer barbecues!

Upstairs, the primary suite has an en-suite bathroom, and a large home office space that could also be used as a walk in closet- there is plenty of space for both! The second bedroom has access to a separate full bathroom in the hallway.

Upstairs, a large two bedroom apartment that has a washer & dryer would rent for approx. $3,000. The triplex would rent for approximately $7,500. Annual taxes: $7,624/year. With a little over 1,000 sq ft of buildable, a projected $10,500 of monthly income- this could be the perfect investment opportunity for a savvy investor at a 6.1% cap rate.

Close to the A, C, 3 & 4 trains at Utica Ave and easy street parking, 5 minutes from Brooklyn Children's Museum, and a plethora of parks and green spaces.

Listing History for 1588 Pacific Street

Now
05/05/2023
TOM by Eddie Ugrinsky
Corcoran
03/22/2023
Back on the Market by Eddie Ugrinsky
Corcoran

Building Details for 1588 Pacific Street

OwnershipMulti-Family
Building TypeTownhouse
AgePost-War
AccessWalk-up
Year Built2004
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Kingston-Throop Avs
0.32 miles
Utica Av
0.36 miles

Citi Bike

Pacific St & Troy Ave
0.03 miles
Bergen St & Troy Ave
0.11 miles

Contact Agents

Contact Agents

Daniel Cohen
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: 87409TH