Renovated Duplex Property with
For Sale
$1,500,000
Pending
1985A PACIFIC St, Brooklyn, NY 11233
Two separate residences offer private outdoor space, parking, and flexible additional area.
Property Size3,450 SF
Days on Market53
Property Features for 1985A PACIFIC St
General Information
Standard status
Pending
Size
3,450 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,548
Amenities
hardwood floors
renovated kitchens
stainless steel appliances
marble countertops
washer and dryer
private garden
basement recreation level
Building Details
Building Size
3,450 SF
Year Built
2006
Buildings
1
Units
2
Listing Agency:
Corcoran Group
Listed By:
Jason T Miller · License #10401213591 (NY)
(917) 428-5865
Source:
Elliman
Added: Sep 8
Changed: Oct 28
Last Checked: Oct 30 at 2:42PM
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
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Investment Insights
Based on property information with market context.
Renovated in 2006, this townhouse-style duplex property contains two distinct duplex residences with hardwood flooring, updated kitchens, stainless steel appliances, marble countertops, and individual washers and dryers. The lower residence includes a spacious living area, multiple bedrooms, and direct access to a private garden. The upper residence provides three bedrooms, two bathrooms, generous closet storage, and a primary suite with a renovated en-suite bath.
A separately entered recreation level adds a bathroom and adaptable interior space. Private parking is included. The property is in the Crown Heights/Utica Avenue area, with access to the A, C, 3, 4, and 5 trains, along with nearby shopping and dining. Walk Score is 92, Transit Score is 98, and Bike Score is 67.
A separately entered recreation level adds a bathroom and adaptable interior space. Private parking is included. The property is in the Crown Heights/Utica Avenue area, with access to the A, C, 3, 4, and 5 trains, along with nearby shopping and dining. Walk Score is 92, Transit Score is 98, and Bike Score is 67.
Key Highlights
- Two separate duplex residences within one townhouse‑style property
- Renovated kitchens with stainless steel appliances and marble countertops
- Lower residence opens to a large private garden
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,825
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,416,500
$2.4M
Cap Rate 7%
$1,726,071
$1.7M
Cap Rate 9%
$1,342,500
$1.3M
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$176.0K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$172.6K $50.03/SF
− OpEx
−$51.8K −$15.01/SF
NOI
$120.8K $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 Rate 5%
$2,416,500
Cap Rate 7%
$1,726,071
Cap Rate 9%
$1,342,500
Alternative Uses
Best Use
Multifamily LT 5
$1.73M
$1.51M – $2.01M
NOI $120,825 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$1.50M
$1.32M – $1.76M
NOI $105,325 @ 7.0% cap · market cap 7.02%
Theoretical Best
Specialty Retail
$2.86M
$2.50M – $3.33M
NOI $199,962 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,862
Businesses Nearby
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Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private outdoor space, parking, and flexible additional area.
Where is this duplex located?
The property is located at 1985A PACIFIC St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two separate duplex residences within one townhouse‑style property; Renovated kitchens with stainless steel appliances and marble countertops; Lower residence opens to a large private garden
