Free-Market
For Sale
Contact for pricing
1253 Pacific St, Brooklyn, NY 11216
R6A-zoned residential property configured as a four-family building.
Property Size4,050 SF
Price / SF$518.52
Days on Market186
Property Features for 1253 Pacific St
General Information
Standard status
Active
Size
4,050 SF
Class
A
Property subtype
Multifamily
Zoning
R6A
Occupancy
100%
Investment Type
Owner/User
Net Operating Income
$103,624
Additional Details
Multifamily Units
4
Building Details
Year Built
1910
Buildings
1
Stories
4
Units
4
Listing Agency:
Matthews
Listed By:
DJ Johnston · License #10401229409
Source:
Crexi
Added: Apr 21
Changed: Oct 11
Last Checked: Oct 23 at 4:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
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Investment Insights
Based on property information with market context.
This free-market quadplex contains four residential units within a 4,050-square-foot building constructed in 1910. The property is identified for both owner-user occupancy and investment use, providing a four-family configuration within an established multifamily asset.
Located at 1253 Pacific St in Brooklyn, NY 11216, the property carries R6A zoning. Its four-unit layout and existing residential classification provide a straightforward basis for evaluating multifamily ownership or occupancy.
Located at 1253 Pacific St in Brooklyn, NY 11216, the property carries R6A zoning. Its four-unit layout and existing residential classification provide a straightforward basis for evaluating multifamily ownership or occupancy.
Key Highlights
- Four‑family residential building
- 4,050 square feet
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,838
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,836,760
$2.8M
Cap Rate 7%
$2,026,257
$2.0M
Cap Rate 9%
$1,575,978
$1.6M
Market Conditions
NOI Build-Up for 4,050 SF
Gross rent
$206.6K $51.00/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$202.6K $50.03/SF
− OpEx
−$60.8K −$15.01/SF
NOI
$141.8K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,836,760
Cap Rate 7%
$2,026,257
Cap Rate 9%
$1,575,978
Alternative Uses
Best Use
Multifamily LT 5
$2.03M
$1.77M – $2.36M
NOI $141,838 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$1.77M
$1.55M – $2.06M
NOI $123,642 @ 7.0% cap · market cap 5.89%
Theoretical Best
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,738 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
6,233
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - R6A-zoned residential property configured as a four-family building.
Where is this quadplex located?
The property is located at 1253 Pacific St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Four‑family residential building; 4,050 square feet; Built in 1910
