Seven-Unit Brownstone
1545 Pacific Street Brooklyn, NY 11213
For Sale
Contact for pricing
Seven-unit, fully rent-stabilized brownstone on a 19.17-by-100-foot lot, with the ground floor unit delivered vacant.
Property Size3,450 SF
Lot Size0.04 Acres
Price / SF$550.72
Days on Market54
Property Features for 1545 Pacific Street
General Information
Standard status
Active
Size
3,450 SF
Lot size
0.04 Acres
Property subtype
Multifamily
Listing Agency:
IPRG Investment Property Realty Group
Listed By:
Derek Bestreich · License #10991237362
Source:
Crexi
Added: Jun 5
Changed: Jul 20
Last Checked: Jul 27 at 9:56AM
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 IPRG Investment Property Realty Group
Investment Insights
Based on property information with market context.
1545 Pacific Street is a seven-unit brownstone investment property built to approximately 19.17 by 45 feet on a 19.17 by 100-foot lot. The building is fully rent stabilized and is currently occupied. Several units pay preferential rents below legal regulated rents, and the ground floor unit will be delivered vacant.
The property is located in Brooklyn’s Crown Heights area between Kingston Avenue and Albany Avenue. It carries Tax Class 2B status and is situated in an R6 zoning district, as well as within the Crown Heights North III Historic District.
The existing residential income configuration and stabilized tenancy status make this a practical fit for buyers seeking a multifamily asset with continued occupancy and a near-term vacancy on the ground floor unit.
The property is located in Brooklyn’s Crown Heights area between Kingston Avenue and Albany Avenue. It carries Tax Class 2B status and is situated in an R6 zoning district, as well as within the Crown Heights North III Historic District.
The existing residential income configuration and stabilized tenancy status make this a practical fit for buyers seeking a multifamily asset with continued occupancy and a near-term vacancy on the ground floor unit.
Key Highlights
- Seven‑unit brownstone in Crown Heights, fully rent stabilized and currently occupied
- Lot size 19.17 ft x 100 ft; building footprint 19.17 ft x 45 ft
- Several units pay preferential rents below legal regulated rents, offering a potential path for future rent growth
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.4k | $56.64 |
| − Vacancy | −$3.9k | −$1.13 |
| EGI | $191.5k | $55.51 |
| − OpEx | −$86.2k | −$24.98 |
| NOI | $105.3k | $30.53 |
3,450 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.32M – $1.76M
NOI $105,325 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.86M
$2.50M – $3.33M
NOI $199,962 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit, fully rent-stabilized brownstone on a 19.17-by-100-foot lot, with the ground floor unit delivered vacant.
Where is this apartment building located?
The property is located at 1545 Pacific Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Seven‑unit brownstone in Crown Heights, fully rent stabilized and currently occupied; Lot size 19.17 ft x 100 ft; building footprint 19.17 ft x 45 ft; Several units pay preferential rents below legal regulated rents, offering a potential path for future rent growth
