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 Market134
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 #NY 10401229409
Source:
Crexi
Added: Apr 21
Changed: Aug 30
Last Checked: Aug 31 at 6:54PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$141,838
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
