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1736-1738 Pacific St
Brooklyn, NY 11213 Crown Heights

$15,000,000 USD

Apartments For Sale  •  22,420 SF

Property Details

  • Property Type Apartments
  • Total Building Size 22,420 SF
  • Lot Size 0.25 AC
  • Building Class B
  • Year Built 2016
  • Cap Rate 5.59 %
  • Zoning R6
100 Transit Score
100 Walk Score

Highlights

4 Adjacent New Construction 8-Family Buildings with 421-a Tax Abatement Expiring in 2033 in Crown Heights For Sale
(32 residential units total) built in 2017. These high-quality, modern multifamily properties feature contemporary finishes and layouts
The buildings are located on Pacific Street between Schenectady Avenue and Utica Avenue, in a strong and stable residential pocket of Crown Heights
The properties are conveniently situated near the 4, 5, A, and C trains, as well as multiple bus lines, offering residents quick access to Downtown BK
The current owner is willing to remain as property manager post-sale at a competitive 5% management fee, providing seamless continuity
This is a rare opportunity to acquire a modern, turnkey portfolio of four contiguous multifamily buildings with substantial remaining tax benefits

Property Flyers

Cap Rate: 5.59 %

Public Transportation

Commuter RailDriveWalkDistance
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 5 min 19 min 1.0 mi
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 6 min - 1.9 mi
Transit/SubwayDriveWalkDistance
Utica Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 6 min 0.3 mi
Ralph Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 4 min 12 min 0.6 mi
Crown Heights-Utica Avenue (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 3 min 13 min 0.7 mi
Kingston-Throop Avenues (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 14 min 0.7 mi
Kingston Avenue (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 4 min 20 min 1.0 mi
AirportDriveWalkDistance
LaGuardia 24 min - 9.9 mi
John F Kennedy International 21 min - 11.5 mi
Newark Liberty International 33 min - 17.8 mi
Toby Waring 718-360-8837 Investment Property Realty Group
Toby Waring 718-360-8837 Investment Property Realty Group