23
See all 23 photos
$1,950,000
Est. payment /mo
2,892 Sqft Lot
New
1526 Pacific ST Brooklyn, NY 11213
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 912144
Rental Info No
Year Built 1931
Annual Tax Amount $13,050
Lot Size 2,892 Sqft
Acres 0.0664
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 100% Occupied 10 Unit Apartment Building In Crown Heights For Sale!!! The Property Features Excellent Signage, Great Exposure, R6 Zoning, 6 Parking Spaces, High 8' Ceilings, Separate Meters, Low Property Taxes, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of Crown Heights 1 Block From Atlantic Avenue!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children's Museum & The Prospect Park Zoo!!! Neighbors Include USPS, UPS, The Home Depot, Dunkin', CubeSmart Self Storage, Walgreens, AutoZone, Bank Of America, Planet Fitness, Blink Fitness, GameStop, Baskin-Robbins, Mobil, McDonald's, Mavis Discount Tire, Family Dollar, Wendy's, White Castle, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Unit 1 (3Br. Apt.): $24,388.56 Ann. Lease Exp.: 6/30/27.
Unit 2 (3 Br. Apt.): $22,850.28 Ann. Lease Exp.: 9/30/26.
Unit 3 (3 Br. Apt.): $26,400 Ann. Lease Exp.: 6/30/26.
Unit 4 (3 Br. Apt.): $14,034.84 Ann.; Lease Exp.: 9/30/26.
Unit 5 (3 Br. Apt.): $10,368.72 Ann.; Lease Exp.: 1/31/27.
Unit 6 (3 Br. Apt.): $23,395.20 Ann.; Lease Exp.: 6/30/24.
Unit 7 (1 Br. Apt.): $18,261.84 Ann.; Lease Exp.: 6/30/25.
Unit 8 (1 Br. Apt.): $29,595.24 Ann.; Lease Exp.: 8/31/27.
Unit 9 (1 Br. Apt.): $25,800 Ann.; Lease Exp.: 12/31/23.
Unit 10 (1 Br. Apt.): $21,313.56 Ann.; Lease Exp.: 2/28/26.
Gross Income: $216,408.24 Ann.
Expenses:
Gas: $3,151.60 Ann.
Electric: $1,872.01 Ann.
Water + Sewer: $13,954.38 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $4,359 Ann.
Taxes: $13,050.28 Ann.
Total Expenses: $36,637.27 Ann.
Net Operating Income (NOI): $179,770.97 Ann. (9.22% Cap!!!)
Income:
Unit 1 (3Br. Apt.): $24,388.56 Ann. Lease Exp.: 6/30/27.
Unit 2 (3 Br. Apt.): $22,850.28 Ann. Lease Exp.: 9/30/26.
Unit 3 (3 Br. Apt.): $26,400 Ann. Lease Exp.: 6/30/26.
Unit 4 (3 Br. Apt.): $14,034.84 Ann.; Lease Exp.: 9/30/26.
Unit 5 (3 Br. Apt.): $10,368.72 Ann.; Lease Exp.: 1/31/27.
Unit 6 (3 Br. Apt.): $23,395.20 Ann.; Lease Exp.: 6/30/24.
Unit 7 (1 Br. Apt.): $18,261.84 Ann.; Lease Exp.: 6/30/25.
Unit 8 (1 Br. Apt.): $29,595.24 Ann.; Lease Exp.: 8/31/27.
Unit 9 (1 Br. Apt.): $25,800 Ann.; Lease Exp.: 12/31/23.
Unit 10 (1 Br. Apt.): $21,313.56 Ann.; Lease Exp.: 2/28/26.
Gross Income: $216,408.24 Ann.
Expenses:
Gas: $3,151.60 Ann.
Electric: $1,872.01 Ann.
Water + Sewer: $13,954.38 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $4,359 Ann.
Taxes: $13,050.28 Ann.
Total Expenses: $36,637.27 Ann.
Net Operating Income (NOI): $179,770.97 Ann. (9.22% Cap!!!)
Location
State NY
County Kings (brooklyn)
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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