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1509 Pacific St 8 Unit Apartment Building $4,426,848 CAD ($553,356 CAD/Unit) Brooklyn, NY 11213
INVESTMENT HIGHLIGHTS
- Renovated Eight-Unit Building- Four-story brick multifamily with a desirable unit mix
- Attractive Crown Heights Location- Five minute walk to Kingston-Throop A/C subway station. Steps from Brower Park & Brooklyn Children's Museum
- Strong Long-Term Fundamentals - A rare opportunity to establish a presence in Crown Heights, one of Brooklyn's most rapidly appreciating neighborhoods
- Building Delivered 100% Vacant- Delivered vacant at closing, offering a blank slate for lease-up or repositioning
- Tax Class 2A- Tax class 2A limits assessment increases to 8% per year (capped at 30% over five years)
EXECUTIVE SUMMARY
RIPCO REAL ESTATE is pleased to present 1509 PACIFIC STREET — a renovated, eight-unit multifamily building in the heart of Crown Heights, Brooklyn.
This four-story walkup features a balanced unit mix: four (4) two-bedroom, two-bath units and four (4) three bedroom, three-bath units. Recently operated as a co-living asset, the building has undergone substantial renovations, including in-unit washer/dryers and split system A/C in every room.
Located just steps from Brower Park and the Brooklyn Children’s Museum, 1509 Pacific sits at the center of one of Brooklyn’s most dynamic and culturally rich neighborhoods. The surrounding blocks are a blend of historic brownstones, new developments, and a growing number of cafes, restaurants, and creative spaces that continue to attract renters and end-users alike.
With full vacancy at closing, investors have the opportunity to immediately implement their business plan, whether stabilizing as a traditional multifamily rental, reintroducing a co-living model, or converting the building to condominiums. The property also benefits from proximity to major subway lines, further enhancing its long-term value.
For more information or to arrange a tour, please contact the exclusive agents.
This four-story walkup features a balanced unit mix: four (4) two-bedroom, two-bath units and four (4) three bedroom, three-bath units. Recently operated as a co-living asset, the building has undergone substantial renovations, including in-unit washer/dryers and split system A/C in every room.
Located just steps from Brower Park and the Brooklyn Children’s Museum, 1509 Pacific sits at the center of one of Brooklyn’s most dynamic and culturally rich neighborhoods. The surrounding blocks are a blend of historic brownstones, new developments, and a growing number of cafes, restaurants, and creative spaces that continue to attract renters and end-users alike.
With full vacancy at closing, investors have the opportunity to immediately implement their business plan, whether stabilizing as a traditional multifamily rental, reintroducing a co-living model, or converting the building to condominiums. The property also benefits from proximity to major subway lines, further enhancing its long-term value.
For more information or to arrange a tour, please contact the exclusive agents.
PROPERTY FACTS
| Price | $4,426,848 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $553,356 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 8 | Building Size | 6,800 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | R6 - Residential | ||
| Price | $4,426,848 CAD |
| Price Per Unit | $553,356 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,800 SF |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | R6 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
SITE AMENITIES
- Clubhouse
- Public Transportation
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Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 01204-0077 | Improvements Assessment | $1,004,050 CAD |
| Land Assessment | $13,320 CAD | Total Assessment | $1,017,370 CAD |
PROPERTY TAXES
Parcel Number
01204-0077
Land Assessment
$13,320 CAD
Improvements Assessment
$1,004,050 CAD
Total Assessment
$1,017,370 CAD
CONTACTS
-
Stephen Preuss -
Kevin Schmitz -
Brian Whelan -
Mitchel Flaherty -
Thomas Tyne -
Jonathan Auerbach -
Ripco Real Estate
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1509 Pacific St
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