1448 PACIFIC Street
Brooklyn, NY, 11216 $ 2,449,000
Bedrooms22 Baths8.0 Sq 1,750 Monthly Estimate*
$ 16,915
for $2,449,000 with 22 bedrooms and 8 full baths. This 1,750 square foot home was built in 1931.
1448 Pacific Strеet іs аn eіght ❨8❩ -unit, four-stοrу buіldіng of аpproximately 6,328 SF in Brooklyn's landmarked Crown Heights North Historic District, now offered at an improved price of $2,449,000.
The late-19th-century facade features projecting bay windows, decorative brickwork, ornate rosette detailing, and a denticulated metal cornice, preserved by the district's landmark protections.
The building has five (5) free-market and three (3) rent-stabilized apartments. Most of the projected upside comes from the free-market units, which currently rent between $2,300 and $3,045 per month and are projected at $4,000 at market-rate leasing.
Investment Highlights
- Asking price: $2,449,000
- Price per square foot: $387
- Unit mix: (8) units: (5) free-market, (3) rent-stabilized
- Occupancy: 7 of 8 units occupied; rent-stabilized unit 1L is vacant
- Current rent roll: $213,363 per year (includes legal rent for vacant unit 1L)
- Operating expenses: $65,990 (June 2025-May 2026)
- Current NOI: $147,373, a 6.0% cap rate on scheduled rents
- Projected gross income: $308,319
- Projected NOI: $242,329, a 9.9% cap rate (assumes projected rents are achieved and expenses stay flat)
- GRM: 11.5x current, 7.9x projected
- Projected rent upside: $94,956 per year ($82,500 from free-market units; $12,456 from rent-stabilized units, realizable only as permitted under rent stabilization rules)
- Transportation: C at Kingston-Throop Avenues; A/C at Nostrand Avenue
Figures are based on the owner's current rent roll and expense records. Projections are estimates; rents, occupancy, legal rents, and future expenses are subject to buyer verification.
Rent roll, expenses, and Offering Memorandum available on request.
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List ByAnthony L MorrisListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $16,915
- Monthly Property Taxes
- $200
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Brooklyn, NY
Average List Price $1,889,848
Percent of Sale Price 23%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
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Pricing History| Date | Price | Price Change | Description |
|---|
| 10/8/2026 | $2,449,000 | -3.04% | Price Down |
| 8/17/2026 | $2,525,875 | | Listed Price |