For Sale
Multi family home for sale at 1448 Pacific St, New York City, NY 11216 | MLS# RLS20109673 | Listing updated on 2026-10-08
Photo 1 of Multi family home for sale at 1448 Pacific St, New York City, NY 11216 | MLS# RLS20109673 | Listing updated on 2026-10-08
Photo 2 of Multi family home for sale at 1448 Pacific St, New York City, NY 11216 | MLS# RLS20109673 | Listing updated on 2026-10-08
Photo 3 of Multi family home for sale at 1448 Pacific St, New York City, NY 11216 | MLS# RLS20109673 | Listing updated on 2026-10-08
Photo 4 of Multi family home for sale at 1448 Pacific St, New York City, NY 11216 | MLS# RLS20109673 | Listing updated on 2026-10-08
1
Beds Icon

Street View

$2,449,000

Monthly Est:$12,190

  • Beds Icon22 Beds
  • Beds Icon
    8 Baths
  • Beds Icon1,750sqft

1448 Pacific St, New York City, NY 11216

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  • Multi Family

  • Built in 1931

  • $-- HOA

  • 2,675 sqft lot

  • $1,399/sq.ft

Description

1448 Pacific Street is an eight (8) -unit, four-story building of approximately 6,328 SF in Brooklyn's landmarked Crown Heights North Historic District, now offered at an improved price of $2,449,000.

The late-19th-century facade features projecting bay windows, decorative brickwork, ornate rosette detailing, and a denticulated metal cornice, preserved by the district's landmark protections.

The building has five (5) free-market and three (3) rent-stabilized apartments. Most of the projected upside comes from the free-market units, which currently rent between $2,300 and $3,045 per month and are projected at $4,000 at market-rate leasing.

Investment Highlights

  • Asking price: $2,449,000
  • Price per square foot: $387
  • Unit mix: (8) units: (5) free-market, (3) rent-stabilized
  • Occupancy: 7 of 8 units occupied; rent-stabilized unit 1L is vacant
  • Current rent roll: $213,363 per year (includes legal rent for vacant unit 1L)
  • Operating expenses: $65,990 (June 2025-May 2026)
  • Current NOI: $147,373, a 6.0% cap rate on scheduled rents
  • Projected gross income: $308,319
  • Projected NOI: $242,329, a 9.9% cap rate (assumes projected rents are achieved and expenses stay flat)
  • GRM: 11.5x current, 7.9x projected
  • Projected rent upside: $94,956 per year ($82,500 from free-market units; $12,456 from rent-stabilized units, realizable only as permitted under rent stabilization rules)
  • Transportation: C at Kingston-Throop Avenues; A/C at Nostrand Avenue
Figures are based on the owner's current rent roll and expense records. Projections are estimates; rents, occupancy, legal rents, and future expenses are subject to buyer verification.

Rent roll, expenses, and Offering Memorandum available on request.

  • Houzeo last checked: 3 minutes ago
  • Listing updated: October 8, 2026 at 8:52 pm
  • Listing Provided by: Anthony L Morris (646) 523-5711 , Lisa James (347) 512-9974 | Corcoran Group (212) 355-3550
  • Source: Rebny MLS-NY | MLS#: RLS20109673 Rebny MLS-NY

Part of

Building
1448 Pacific St
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Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    4

  • County

    Kings County

  • City

    New York City

  • Neighborhood

    --

  • Year Built

    1931

  • HOA Fees

    -

  • Finished Area

    1,750 sqft

  • Lot Size

    2,675 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Rebny MLS

  • MLS Number

    RLS20109673

  • Days on Market

    52

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 22

    Bathrooms: 8

Interior

  • Exterior Features

    None

  • Interior Features

    Smoke Free

Utilities & Energy

  • Basement

    Other

  • Laundry Features

    In Unit

  • Pool Features

    Building None

Other Features

  • Patio And Porch Features

    None

  • Subdivision Name

    Crown Heights

Price History

DateEventPrice

08/17/2026

Source: mls_logoRebny MLS-NY #RLS20109673

Price Decreased

$2,449,000 -3.04%

$1,399/sqft

08/17/2026

Source: mls_logoRebny MLS-NY #RLS20109673

Listed for Sale

$2,525,875

$1,443/sqft

Getting Around 1448 Pacific St

Bike Score®

Bike Score

Very Bikeable

89/100

Walk Score®

Walk Score

Walker's Paradise

94/100

Transit Score®

Transit Score

Rider's Paradise

100/100

Data provided by Redfin

Nearby Homes

The real estate listing data marked with this icon comes from the IDX program of the RLS at REBNY Listing Service (RLS). Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS") through Oct 09, 2026, 12:00AM. Information deemed reliable but not guaranteed. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 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. Buyer to verify all information. © 2026 The Real Estate Board of New York, Inc. All rights reserved.

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