914 Pacific St #1, New York City, NY 11238

Description

Welcome to 914 Pacific Street , a 6,180 sq. ft., five-story, three-unit income-producing townhouse with a garage offering an exceptional blend of modern design, scale, and investment potential. This expansive 25' wide townhouse , set on a 110' lot features three thoughtfully designed residences and benefits from a 421-a tax abatement through 2035, resulting in exceptionally low real estate taxes and strong rental income.

The triplex , unit 1, will be delivered vacant. Designed with a seamless open layout and 10' ceilings, the main level features a sleek kitchen, a generous island with seating, and a defined dining area. Sliding doors open to a private landscaped garden, a tranquil oasis with custom circular stone seating and lush seasonal greenery, perfect for Zen relaxation and entertaining .The living area is expansive yet refined with gallery lighting highlighting for wall art, a powder room tucked away and direct access to the 310 sq.ft . parking garage equipped with an EV charger. The lower level offers exceptional flexibility, currently configured with an open floor space, a full bath, two rooms being utilized as home office spaces, laundry area, and separate storage. Your options are endless and easily suited for a media room, gym, guest quarters, or additional living space.
The upper level of the triplex features four well-proportioned bedrooms and two full baths. The primary suite opens to an oversized 10'x24' terrace with an outdoor ceiling fan, creating a peaceful retreat. The adjacent bath includes heated floors for added comfort. Next to the primary bedroom is an additional bedroom, currently used as a home office, offers a dressing area, and two additional spacious bedrooms are with oversized windows overlooking greenery. In total, this triplex unit is nearly 3,000 sq. ft. in total.

Above, two full-floor rental residences provide immediate income. Each residence features oversized windows, allowing natural light to flow throughout the living spaces. Both units have two bedrooms, dishwashers, and in-unit washer/dryers. Unit 2, a sweeping 1200 sq.ft . living space, includes two full baths, a private balcony and accessible from both bedrooms. Unit 3, a generous 1800 sq. ft ., a duplex features two bedrooms, a 310 sq. ft. loft/flex space, third full bath, and expansive private roof deck. Eac h unit is separately metered, including electric and heat. The two rental units generate a market rate rent stabilized monthly income of $10,015, $120,190 annually.

Positioned in the vibrant Brooklyn neighborhood of Crown Heights on the Prospect Heights border, surrounded by popular dining, cafes, parks, and convenient transportation. 914 Pacific Street presents a rare and compelling opportunity to secure both a luxurious primary residence and a high-performing investment asset. A truly distinctive property in today's market.