Three-Unit Residential Income
1991 Pacific Street Brooklyn, NY 11233
For Sale
$1,050,000
Move-in-ready two-family home with an additional basement unit, offering three separate living spaces.
Property Size2,944 SF
Price / SF$356.66
Days on Market34
Property Features for 1991 Pacific Street
General Information
- Standard status
- Active
- Size
- 2,944 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2005
Listing Agency:
5 Boro Realty Corp
(855) 305-3325
Listed By:
Remon Kredi
(855) 305-3325
Source:
Compass
Added: Jun 24
Changed: Jul 21
Last Checked: Jul 26 at 2:01PM
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 5 Boro Realty Corp
Investment Insights
Based on property information with market context.
1991 Pacific Street is a move-in-ready residential income property with three distinct living spaces. The accessory basement unit includes 2 bedrooms and 1 full bathroom. The first floor features 3 bedrooms and 2 full bathrooms. The second floor has an updated 2-bedroom, 1-bathroom apartment. Throughout the home, there is ample closet space, including built-in closets for storage.
The property is described as well-maintained and conveniently located near shopping, schools, parks, public transportation, and major roadways.
The layout provides separate apartments across the basement, first floor, and second floor, supporting flexible living arrangements while maintaining privacy between units.
The property is described as well-maintained and conveniently located near shopping, schools, parks, public transportation, and major roadways.
The layout provides separate apartments across the basement, first floor, and second floor, supporting flexible living arrangements while maintaining privacy between units.
Key Highlights
- Move‑in‑ready two‑family home with an additional accessory basement unit for three separate living spaces
- Accessory basement unit: 2 bedrooms and 1 full bathroom (finished with walk‑out access)
- First floor features 3 bedrooms and 2 full bathrooms
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 | $166.7k | $56.64 |
| − Vacancy | −$3.3k | −$1.13 |
| EGI | $163.4k | $55.51 |
| − OpEx | −$73.5k | −$24.98 |
| NOI | $89.9k | $30.53 |
2,944 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.29M – $1.72M
NOI $103,104 @ 7.0% cap · market cap 9.82%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,877 @ 7.0% cap · market cap 8.56%
Theoretical Best
Specialty Retail
$2.44M
$2.13M – $2.84M
NOI $170,634 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Move-in-ready two-family home with an additional basement unit, offering three separate living spaces.
Where is this triplex located?
The property is located at 1991 Pacific Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Move‑in‑ready two‑family home with an additional accessory basement unit for three separate living spaces; Accessory basement unit: 2 bedrooms and 1 full bathroom (finished with walk‑out access); First floor features 3 bedrooms and 2 full bathrooms
