1263 Pacific Street — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11216

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Investment Figures

Cap rate
5.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 1263 Pacific Street, a four-unit multifamily property located in the Crown Heights neighborhood of Brooklyn. The property contains approximately 4,275 square feet is 100% occupied and entirely free market, providing investors with immediate in-place cash flow and flexibility to capture future rental upside. The property features a desirable mix of two two-bedroom and two three-bedroom residences, including a spacious 1,600-square-foot, three-bedroom garden duplex with 2.5 bathrooms. Combined with its fully free-market status, low Tax Class 2A assessment, strong existing income, and meaningful mark-to-market rental potential, the property presents an attractive opportunity for an investor seeking both stable cash flow and long-term appreciation potential in Crown Heights. Investment Highlights: • 1263 Pacific Street, built in 1930, is a 4-unit multifamily asset in Crown Heights, Brooklyn, spanning 4,275 SF and sits on a 18.58' x 100' lot. • Tax Class: 2A | Zoning: R6A | 100% Free Market • Located in the heart of Crown Heights, this asset is in close proximity to the A & C Subway Lines t Nostrand Av and MTA bus routes.

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

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