1379 Pacific Street

Crown Heights Development Opportunity: Delivered Vacant, 4-Family, 20 x 100 Lot, Brick Townhouse with unused FAR! Built in 1910, this solid 4-Family Federalist-style townhouse presents a compelling opportunity to cashflow as-is or develop into a luxury 4-unit townhouse condominium. The property is zoned R6 and allows up to 4,400 buildable square feet. Currently, 3,360 square feet (20 x 42 building), a new owner could add another 1,040 square feet. The additional square footage could be added now or later. One possibility to add the additional square footage could be via 13 extension on all 4 floors to create 4 extra-large 20 x 55 floor-through units. Another option to add the square footage could be a garden extension and 5th floor setback penthouse. Even without an extension, modest renovation could generate significant rental upside. 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. Broker/Owner.