Building Details

Buildings 1

Listing Agency: Maltz Auctions r***@maltzauctions.com Show Phone

Listed By: Richard Maltz · License #NY 10311204111

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Sep 1 at 1:03AM

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Investment Insights

Based on property information with market context.

This 8-unit apartment building is located at 1596 Pacific Street in Crown Heights, New York. The property is identified as a multifamily asset and is being offered through a public auction conducted under the authority of the US Bankruptcy Court.

The auction is scheduled for June 6. Prospective bidders must complete qualification requirements by June 3 at 4pm.

Key Highlights

• 8‑unit apartment building
• 1596 Pacific Street, Crown Heights, NY 11223
• Public auction scheduled for June 6

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Parking Lot & Garage Skin Care Clinic Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8

Residential units

Location Intelligence

Trade Area within ½ mile

5,083

Businesses Nearby

Explore this area Business Placement

Demographics for 11223, NY

83,519

Population

28,857

Households

2.9

Avg Household Size

37

Median Age

34%

College-Educated

78%

High-School Grad

2.1 sq mi

ZIP Area

39,771

Density / Sq Mi

$63,950

Median Household Income

$40,592

Median Earnings

$1,653

Median Rent

$1,063,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Crown Heights multifamily asset scheduled for a court-ordered public auction.

Where is this apartment building located?

The property is located at 1596 Pacific Street Brooklyn, NY.

What are key features of this property?

This property features: 8‑unit apartment building; 1596 Pacific Street, Crown Heights, NY 11223; Public auction scheduled for June 6