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Walk-Up Apartment Building Portfolio
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347 Pacific Street, Brooklyn, NY 11217

Two walk-up multifamily buildings with 18 apartments and in-building laundry facilities, offered individually or as a package.

Property SizeContact for details
Days on Market126

Property Features for 347 Pacific Street

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 18

Amenities

laundry room

Building Details

Tenancy Multi
Listing Agency: GFI Realty Services LLC
Listed By: Traci-lea Dixon · License #NY 10491205528
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 7:55PM

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 GFI Realty Services LLC

Investment Insights

Based on property information with market context.

GFI Realty Services presents an exclusive offering of 347 Pacific Street and 427 3rd Avenue, two walk-up apartment buildings in Brooklyn. 347 Pacific Street is a five-story walk-up building with 10 units and a laundry room. 427 3rd Avenue is a four-story walk-up building with 8 units and a laundry room. Together, the portfolio totals 18 apartments.

Both properties are described as being located in prime areas of Boerum Hill and Gowanus, with proximity to major commercial corridors that include restaurants, cafes, and retail.

Each building can be acquired individually, providing flexibility for investors seeking separate purchase opportunities within the same portfolio offering.

Key Highlights

  • Portfolio includes two walk‑up multifamily buildings with a combined 18 apartments
  • 347 Pacific Street: 5‑story walk‑up with 10 units plus an in‑building laundry room (6,440 SF)
  • 427 3rd Avenue: 4‑story walk‑up with 8 units plus an in‑building laundry room (5,200 SF)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Nursing Home Pet Grooming Service Tanning Salon Adult Day Care Home Appliance 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

18
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

13,903
Businesses Nearby

Demographics for 11217, NY

42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two walk-up multifamily buildings with 18 apartments and in-building laundry facilities, offered individually or as a package.
Where is this multifamily property located?
The property is located at 347 Pacific Street Brooklyn, NY.
What are key features of this property?
This property features: Portfolio includes two walk‑up multifamily buildings with a combined 18 apartments; 347 Pacific Street: 5‑story walk‑up with 10 units plus an in‑building laundry room (6,440 SF); 427 3rd Avenue: 4‑story walk‑up with 8 units plus an in‑building laundry room (5,200 SF)
More about this property
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