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Investment Highlights

  • Fully Free Market: The property has no history of rent regulation
  • Value-Add / Investment Opportunity: The property is in good condition, though renovations would result in improved rent roll
  • Protected Tax Class: Tax class 2A limits RE tax increases to no more than 8% a year or 30% over 5 years
  • Owner User Opportunity: Finishes, garden access, neighborhood, and transit-oriented location make this an ideal candidate
  • Transportation Accessibility: The A, C, & S subway lines and the Long Island Railroad (Nostrand Ave stop) are within 3-5 blocks away

Executive Summary

Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550

Property Facts

Price $2,867,886 CAD
Price Per Unit $716,971 CAD
Sale Type Investment
Cap Rate 4.93%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.05 AC
Building Size 4,050 SF
No. Stories 4
Year Built 1900
Zoning R6A
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
01200-0064
Land Assessment
$123,396 CAD
Improvements Assessment
$513,227 CAD
Total Assessment
$636,623 CAD
  • Listing ID: 40231306

  • Date on Market: 2026-04-21

  • Last Updated:

  • Address: 1253 Pacific St, Brooklyn, NY 11216

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