Two-Family Townhouse with
New
For Sale
$2,795,000
1555 Pacific St, Brooklyn, NY 11213
Renovated duplex townhouse with multiple living areas, a deck, basement, and private outdoor space.
Property Size3,820 SF
Days on Market6
Property Features for 1555 Pacific St
General Information
Standard status
Active
Size
3,820 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,364
Building Details
Building Size
3,820 SF
Year Built
2026
Stories
3
Units
2
Listing Agency:
Corcoran Group
Listed By:
Daniel Cohen · License #10401261296
(862) 823-2674
Source:
Elliman
Added: Sep 11
Last Checked: Sep 15 at 9:27AM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This four-level duplex townhouse includes approximately 3,820 square feet of interior space, a full basement, and a flexible two-family configuration. The parlor level combines living and dining areas with a contemporary fireplace and a large kitchen equipped with wood cabinetry, stone surfaces, stainless steel appliances, extensive storage, and a waterfall island. A rear deck connects the kitchen to the backyard. The garden level adds another living and dining area, two bedrooms, a full bathroom, and direct outdoor access. The second floor contains three bedrooms and two full bathrooms, including a primary suite with a walk-in closet and en-suite bath. The top floor provides another bedroom, full bathroom, open den, and recreation area. Located at 1555 Pacific Street in Crown Heights near the Bed-Stuy border, the property is close to neighborhood dining and everyday services. Kingston–Throop A/C trains are nearby, with additional subway and LIRR access in the surrounding area.
Key Highlights
- Approximately 3,820 square feet across four levels plus a full basement
- Duplex layout with two living and dining areas, six bedrooms, and five full bathrooms
- Private backyard measuring approximately 20' x 47', with lawn, hardscaping, and raised seating area
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
$133,783
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
4.79%
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%
$2,675,660
$2.7M
Cap Rate 7%
$1,911,186
$1.9M
Cap Rate 9%
$1,486,478
$1.5M
Market Conditions
NOI Build-Up for 3,820 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
$194.8K $51.00/SF
− Vacancy
−$3.7K −$0.97/SF
EGI
$191.1K $50.03/SF
− OpEx
−$57.3K −$15.01/SF
NOI
$133.8K $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%
$2,675,660
Cap Rate 7%
$1,911,186
Cap Rate 9%
$1,486,478
Alternative Uses
Best Use
Multifamily LT 5
$1.91M
$1.67M – $2.23M
NOI $133,783 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$1.67M
$1.46M – $1.94M
NOI $116,621 @ 7.0% cap · market cap 4.17%
Theoretical Best
Specialty Retail
$3.16M
$2.77M – $3.69M
NOI $221,407 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,599
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
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
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex townhouse with multiple living areas, a deck, basement, and private outdoor space.
Where is this duplex located?
The property is located at 1555 Pacific St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: Approximately 3,820 square feet across four levels plus a full basement; Duplex layout with two living and dining areas, six bedrooms, and five full bathrooms; Private backyard measuring approximately 20' x 47', with lawn, hardscaping, and raised seating area
