Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,450,000

Listed at $2,650,000 · Sold 7.5% below asking · Closed February 18, 2020

SOLD: 1385 Pacific Street
SOLD $2,450,000
Sold Multi Family

$2,450,000

Listed at $2,650,000 $-200,000 vs asking

1385 Pacific Street

Crown Heights, Brooklyn

MLS® #RLS10590900

RLS at REBNY

Listing by The Corcoran Group

14

Bedrooms

9.5

Baths

N/A

Sq. Ft.

1915

Year Built

Sale Details

Sale Price $2,450,000
Original List Price $2,650,000
Close Date February 18, 2020
vs. Asking Sold 7.5% below asking

Property Summary

Bedrooms 14
Bathrooms 9 full, 1 half
Year Built 1915
Neighborhood Crown Heights

Description

**Asking only $505/foot - 6% cap rate with over $155k in annual net income on this 2019 renovated 4-unit multifamily investment property in Western Crown Heights!!**The building is vacant with market-rate rentals. This property just underwent an extensive renovation down to the studs and has all new roof, electrical, plumbing, central heat/air, etc. All units have central air, washer/dryer units, individual hot water heaters and are individually metered for gas. The property has video intercom on each floor and Ring security system. The units have hardwood floor and open kitchens with grey shaker style cabinetry with black pulls, white subway tile backsplash, white Caesarstone countertops and stainless-steel GE profile appliances.- Garden duplex - The garden duplex is a 2-bed / Convertible 3-bed with 2.5 bathrooms, internal staircase leading to a recreation room and private outdoor space. The outdoor space is perfect for pet lovers and for entertaining. The recreation room makes for a perfect office, music studio or guest bedroom.- 1st Floor - 10.5 foot ceilings, a terrace off of the bedrooms and an external staircase that leads down to a private yard, the parlor floor is truly a show-stopper! This unit is a 2-bed, Convertible 3-bed with 2-bathrooms. The open layout makes for the perfect space for entertaining either indoors or outdoors!- 2nd Floor - Excellent 2-bed / Convertible 3-bed with 2 full bathrooms. This unit has an exceptional open layout.- 3rd Floor - Similar to the 2nd floor unit, this is a well laid out 2-bed / Convertible 3-bed with 2 full bathrooms.A bulkhead was added to the building that leads to the roof with skyline views and a gated perimeter. 1385 is an excellent opportunity in one of Brooklyns hottest up and coming neighborhoods. Fantastic Crown Heights location moments from Brower Park and the Brooklyn Childrens Museum, and three blocks to the A/C train, two blocks to LIRR and only a few short blocks to the 2, 3 and 4 trains. Located in the heart of a neighborhood that has quickly evolved into one of Brooklyns most dynamic, vibrant and exciting districts. The building is moments away from great cafes, shops and restaurants including: King Tai, Boeuf & Bun, Two Saints, Basil Pizza and Wine Bar, Lula's Bagel, Colina Cuervo BAKERIE, Cocoa Grinder, Super Foodtown, Restoration Plaza and much more.

Property Details

Type Multi Family
Total Rooms 21
Year Built 1915
RLS at REBNY

Listing courtesy of Shakti C'Ganti at The Corcoran Group. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.

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