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538 Pacific St
Brooklyn, NY 11217
Multifamily Property For Sale
·
3 Units
Executive Summary
**Prime Development Opportunity in Vacant Historic Brownstone — 538 Pacific Street**
538 Pacific Street presents a rare opportunity to acquire a 3,600-square-foot, five-level 1920s brownstone in one of Brooklyn’s most sought-after neighborhoods—with **zoning potential to add an extension** to the rear of the property. This legal three-family townhouse offers multiple paths for value creation and long-term return. The building is currently vacant.
Currently configured as an owner’s duplex and two one-bedroom rental units, the building features period details like hand-carved woodwork, exposed brick, original fireplaces, and high ceilings throughout. Each of the upper apartments includes modern kitchens, updated baths, and in-unit laundry—making them highly marketable rental units from day one.
For developers or investors, the property’s layout easily lends itself to conversion into high-end double-duplex condominiums or a luxury single-family residence. The 1,060-square-foot south-facing garden adds rare outdoor space, further enhancing end-user appeal and resale value.
With its blend of historical integrity, architectural character, and expansion potential, 538 Pacific is a high-opportunity asset in a blue-chip location—just minutes from Park Slope, Prospect Heights, and major transit. Properties with this mix of charm, location, and buildable square footage are increasingly scarce.
538 Pacific Street presents a rare opportunity to acquire a 3,600-square-foot, five-level 1920s brownstone in one of Brooklyn’s most sought-after neighborhoods—with **zoning potential to add an extension** to the rear of the property. This legal three-family townhouse offers multiple paths for value creation and long-term return. The building is currently vacant.
Currently configured as an owner’s duplex and two one-bedroom rental units, the building features period details like hand-carved woodwork, exposed brick, original fireplaces, and high ceilings throughout. Each of the upper apartments includes modern kitchens, updated baths, and in-unit laundry—making them highly marketable rental units from day one.
For developers or investors, the property’s layout easily lends itself to conversion into high-end double-duplex condominiums or a luxury single-family residence. The 1,060-square-foot south-facing garden adds rare outdoor space, further enhancing end-user appeal and resale value.
With its blend of historical integrity, architectural character, and expansion potential, 538 Pacific is a high-opportunity asset in a blue-chip location—just minutes from Park Slope, Prospect Heights, and major transit. Properties with this mix of charm, location, and buildable square footage are increasingly scarce.
Property Facts Under Contract
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 1 | - | - |
| 1+1.5 | 2 | - | - |
Property Taxes
| Parcel Number | 00192-0028 | Improvements Assessment | $105,939 CAD |
| Land Assessment | $49,427 CAD | Total Assessment | $155,366 CAD |
Property Taxes
Parcel Number
00192-0028
Land Assessment
$49,427 CAD
Improvements Assessment
$105,939 CAD
Total Assessment
$155,366 CAD
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