8-Unit Apartment
1448 Pacific Street, Brooklyn, NY 11216
For Sale
New
$2,449,500
Residential, Brooklyn, NY
Property Size6,328 SF
Lot Size0.06 Acres
Price / SF$387.09
Days on Market3
Property Features for 1448 Pacific Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Corcoran BK LLC
Listed By:
Anthony L. Morris
(718) 832-4199
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 506032
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-story apartment property contains 8 units across approximately 6,328 square feet. The unit mix comprises 5 free-market apartments and 3 rent-stabilized apartments, with 7 of the 8 units occupied. Brick exterior detailing includes projecting bay windows, decorative masonry, rosette accents, and a metal cornice. The property is within the Crown Heights North Historic District, and its exterior is subject to the district’s landmark protections.
The building is in Brooklyn, with access to the C train at Kingston-Throop Avenues and A/C service at Nostrand Avenue. R6 zoning is reported for the property.
The building is in Brooklyn, with access to the C train at Kingston-Throop Avenues and A/C service at Nostrand Avenue. R6 zoning is reported for the property.
Key Highlights
- 8 units in a four‑story building totaling approximately 6,328 square feet
- Apartment mix: 5 free‑market units and 3 rent‑stabilized units
- 7 of 8 apartments occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,187
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,863,740
$3.9M
Cap Rate 7%
$2,759,814
$2.8M
Cap Rate 9%
$2,146,522
$2.1M
Market Conditions
NOI Build-Up for 6,328 SF
Gross rent
$358.4K $56.64/SF
− Vacancy
−$7.2K −$1.13/SF
EGI
$351.2K $55.51/SF
− OpEx
−$158.1K −$24.98/SF
NOI
$193.2K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,863,740
Cap Rate 7%
$2,759,814
Cap Rate 9%
$2,146,522
Alternative Uses
Best Use
Apartment 5plus
$2.76M
$2.41M – $3.22M
NOI $193,187 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.24M
$4.58M – $6.11M
NOI $366,771 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
6,055
Businesses Nearby
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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
$1,398,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Brooklyn, NY
Properties on Market for Apartment buildings in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four stories with a mix of free-market and rent-stabilized apartments in Crown Heights North.
Where is this apartment building located?
The property is located at 1448 Pacific Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,449,500.
What are key features of this property?
This property features: 8 units in a four‑story building totaling approximately 6,328 square feet; Apartment mix: 5 free‑market units and 3 rent‑stabilized units; 7 of 8 apartments occupied
