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1526 Pacific St 10 Unit Apartment Building $2,627,058 CAD ($262,706 CAD/Unit) 9.47% Cap Rate Brooklyn, NY 11213
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers, & End-Users!!! 9.47 Cap 100% Occupied 10 Unit Apartment Building In Crown Heights For Sale!!!
- The Property Is Located In The Heart Of Crown Heights Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!!
- This Property Offers HUGE Upside Potential!!!
- The Property Features Excellent Signage, Great Exposure, R6 Zoning, 6 Parking Spaces, High 8’ Ceilings, Low Property Taxes, 200 Amp Power, A/C, +++!!
- Neighbors Include USPS, UPS, The Home Depot, Dunkin’, CubeSmart Self Storage, Walgreens, AutoZone, Bank Of America, Planet Fitness, +++!!!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers, & End-Users!!! 9.47 Cap 100% Occupied 10 Unit Apartment Building In Crown Heights For Sale!!! The Property Features Excellent Signage, Great Exposure, R6 Zoning, 6 Parking Spaces, High 8’ Ceilings, Separate Meters, Low Property Taxes, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of Crown Heights 1 Block From Atlantic Avenue!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children’s Museum & The Prospect Park Zoo!!! Neighbors Include USPS, UPS, The Home Depot, Dunkin’, CubeSmart Self Storage, Walgreens, AutoZone, Bank Of America, Planet Fitness, Blink Fitness, GameStop, Baskin-Robbins, Mobil, McDonald’s, Mavis Discount Tire, Family Dollar, Wendy’s, White Castle, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Unit 1 (3Br. Apt.): $24,388.56 Ann. Lease Exp.: 6/30/27.
Unit 2 (3 Br. Apt.): $22,850.28 Ann. Lease Exp.: 9/30/26.
Unit 3 (3 Br. Apt.): $26,400 Ann. Lease Exp.: 6/30/26.
Unit 4 (3 Br. Apt.): $14,034.84 Ann.; Lease Exp.: 9/30/26.
Unit 5 (3 Br. Apt.): $10,368.72 Ann.; Lease Exp.: 1/31/27.
Unit 6 (3 Br. Apt.): $23,395.20 Ann.; Lease Exp.: 6/30/24.
Unit 7 (1 Br. Apt.): $18,261.84 Ann.; Lease Exp.: 6/30/25.
Unit 8 (1 Br. Apt.): $29,595.24 Ann.; Lease Exp.: 8/31/27.
Unit 9 (1 Br. Apt.): $25,800 Ann.; Lease Exp.: 12/31/23.
Unit 10 (1 Br. Apt.): $21,313.56 Ann.; Lease Exp.: 2/28/26.
Gross Income: $216,408.24 Ann.
Expenses:
Gas: $3,151.60 Ann.
Electric: $1,872.01 Ann.
Water + Sewer: $13,954.38 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $4,359 Ann.
Taxes: $13,050.28 Ann.
Total Expenses: $36,637.27 Ann.
Net Operating Income (NOI): $179,770.97 Ann. (9.47% Cap!!!)
Income:
Unit 1 (3Br. Apt.): $24,388.56 Ann. Lease Exp.: 6/30/27.
Unit 2 (3 Br. Apt.): $22,850.28 Ann. Lease Exp.: 9/30/26.
Unit 3 (3 Br. Apt.): $26,400 Ann. Lease Exp.: 6/30/26.
Unit 4 (3 Br. Apt.): $14,034.84 Ann.; Lease Exp.: 9/30/26.
Unit 5 (3 Br. Apt.): $10,368.72 Ann.; Lease Exp.: 1/31/27.
Unit 6 (3 Br. Apt.): $23,395.20 Ann.; Lease Exp.: 6/30/24.
Unit 7 (1 Br. Apt.): $18,261.84 Ann.; Lease Exp.: 6/30/25.
Unit 8 (1 Br. Apt.): $29,595.24 Ann.; Lease Exp.: 8/31/27.
Unit 9 (1 Br. Apt.): $25,800 Ann.; Lease Exp.: 12/31/23.
Unit 10 (1 Br. Apt.): $21,313.56 Ann.; Lease Exp.: 2/28/26.
Gross Income: $216,408.24 Ann.
Expenses:
Gas: $3,151.60 Ann.
Electric: $1,872.01 Ann.
Water + Sewer: $13,954.38 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $4,359 Ann.
Taxes: $13,050.28 Ann.
Total Expenses: $36,637.27 Ann.
Net Operating Income (NOI): $179,770.97 Ann. (9.47% Cap!!!)
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$299,377
|
$38.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$299,377
|
$38.38
|
| Taxes |
$18,053
|
$2.31
|
| Operating Expenses |
$32,630
|
$4.18
|
| Total Expenses |
$50,683
|
$6.50
|
| Net Operating Income |
$248,693
|
$31.88
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $299,377 |
| Annual Per SF | $38.38 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $299,377 |
| Annual Per SF | $38.38 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,053 |
| Annual Per SF | $2.31 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $32,630 |
| Annual Per SF | $4.18 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $50,683 |
| Annual Per SF | $6.50 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $248,693 |
| Annual Per SF | $31.88 |
PROPERTY FACTS
| Price | $2,627,058 CAD | Building Class | C |
| Price Per Unit | $262,706 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 7,800 SF |
| Cap Rate | 9.47% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Parking Ratio | 0.77/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | R6 | ||
| Price | $2,627,058 CAD |
| Price Per Unit | $262,706 CAD |
| Sale Type | Investment |
| Cap Rate | 9.47% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 7,800 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1931 |
| Parking Ratio | 0.77/1,000 SF |
| Zoning | R6 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Security System
- Storage Space
- Bicycle Storage
- Public Transportation
- Walk-Up
Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 01210-0038 | Total Assessment | $1,060,420 CAD |
| Land Assessment | $15,733 CAD | Annual Taxes | $18,053 CAD ($2.31 CAD/SF) |
| Improvements Assessment | $1,044,687 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
01210-0038
Land Assessment
$15,733 CAD
Improvements Assessment
$1,044,687 CAD
Total Assessment
$1,060,420 CAD
Annual Taxes
$18,053 CAD ($2.31 CAD/SF)
Tax Year
2025
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1526 Pacific St
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