Description

Welcome to 1581 Pacific Street, a stately VACANT 4 story, 4 unit brick beauty chalk full of original detail and located on a tree lined street in Crown Heights. This investor's dream could generate approximately $120,000 of rental income, featuring 4 newly renovated, floor through apartments. It also has a finished cellar with over 7ft ceiling height which can be combined with the first floor apartment or used for additional storage for all apartments. These updated apartments will fetch top of the market rents because of their size -- every floor has about 800 square feet so these are very large one bedroom units not often found in the rental market today. The top two apartments have a large bonus room off of the living room that can be utilized as a large home office space or library. Every unit features gorgeous original mantels, moldings, and brand new bathrooms and kitchens with stainless steel appliances. The ground floor has access to the over 40ft deep backyard that is fenced and very private. These large layouts provide an assortment of living/income options which works great as an investment property at approximately 5% cap rate. This building is in a prime location, in between Stuyvesant Heights and Crown Heights North you have two premiere neighborhoods at your fingertips and easy access to the Utica A/C train which will put you in Midtown Manhattan in 35 minutes. Showings by appointment only.
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Building Features 3 Floors4 Units

intercom

$1,975,000

Listed on Aug 18, 2020

35 Days on Market

4 Beds / 4.0 Baths / - ft²

Total Monthly expenses: $547

Maintenance: - / R.E. Taxes $547

Other Details:

Multi Family (4-6 Family)

Lot Size: 18.0' x 100.0' Built: 18.0' x 48.0'

Zoning: C2-3

Exclusively listed with: The Corcoran Group Source: RLS

Erin
Pastrana

erin.pastrana@corcoran.com

(718) 839-0157

Daniel
Cohen

daniel.cohen@corcoran.com

(862) 823-2674

Listing Courtesy of The Corcoran Group View Listing

Unit listing history

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