--- title: "1448 PACIFIC Street, New York City, NY 11216" description: "1448 PACIFIC Street, New York City, NY 11216 — Multi Family Home in Crown Heights, Brooklyn, NY. Listing Price $2,449,000. Price Reduced: Reduced $76,875 (3%) from $2,525,875 on October 8, 2026. 22 bed, 8 bath, 1,750 sqft Illustrative Buyer Commission Share of $36,735 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/1448-pacific-street-ny-11216" source: "Real Estate Rebate Team" dateModified: "2026-10-08T21:28:14.547Z" status: "Active" --- # 1448 PACIFIC Street, New York City, NY 11216 Multi Family Home in Crown Heights, Brooklyn, NY Courtesy of Corcoran Group Last updated: October 8, 2026, 5:28 PM ## At a Glance - **Listing Price**: $2,449,000 - **Price Reduced**: Reduced $76,875 (3%) from $2,525,875 on October 8, 2026 - **Beds**: 22 - **Baths**: 8 - **Sqft**: 1,750 - **Monthly Taxes**: $200 / mo - **Price per Sqft**: $1,399 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $2,449,000 - **Illustrative Buyer Commission Share**: -$36,735* - **Illustrative Net Cost**: $2,412,265 *Illustrative Buyer Savings of $36,735 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (5) ![1448 PACIFIC Street, New York City, NY 11216 — photo 1 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/45959242-6329-44ef-aff6-b506b085494e.jpg) ![1448 PACIFIC Street, New York City, NY 11216 — photo 2 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3e92db07-98a5-44f6-9237-8b4ff7818a1d.jpg) ![1448 PACIFIC Street, New York City, NY 11216 — photo 3 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/eee2eb5d-54df-41b5-acca-c76e85ef3b06.jpg) ![1448 PACIFIC Street, New York City, NY 11216 — photo 4 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/10248d1f-9ac8-47b8-9f7c-3de40954afcd.jpg) ![1448 PACIFIC Street, New York City, NY 11216 — photo 5 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/346822f3-6ce5-44fb-b12d-44850369a3c1.jpg) ## Property Overview 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. ## Property Details - **Property Type**: Multi Family - **Beds**: 22 - **Baths**: 8 - **Rooms**: 30 - **Sqft**: 1,750 sqft - **Stories**: 4 - **Year Built**: 1931 - **Price per Sqft**: $1,399 - **Monthly Taxes**: $200 / mo - **Listed On**: Aug 17, 2026 - **Days on Market**: 62 Days ### Residence Features - In Unit - Smoke Free ## Estimated Monthly Payment **$12,583 / month**, assuming a 20% down payment ($489,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $12,383 - **Property Taxes**: $200 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $2,449,000 - **Median sold price**: $2,017,500 - **Difference**: +$431,500 (+21.4%) - **This home, $/ft²**: $1,399 - **Median $/ft²**: $744 - **Comparable sales**: 20 - **Sales from**: June 2022 – September 2026 - **Middle half of those sales**: $1,593,750 – $2,413,750 Based on house sales in Crown Heights. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Crown Heights. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sale-to-list price**: 95.6% (19 sales) - **Sold below asking**: 74% (19 sales) - **Typical time to find a buyer**: 79 days (19 sales) - **Typical time to close**: 49 days (19 sales) Based on house sales in Crown Heights with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Sales data through September 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 1448 PACIFIC Street](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1448-pacific-street) ## Price and Property History for 1448 PACIFIC Street Review the recorded listing activity for 1448 PACIFIC Street, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $76,875, or 3%, on October 8, 2026 - **Originally listed**: August 17, 2026 at $2,525,875 - **Current asking price**: $2,449,000 | Date | Price | Listing event | | --- | --- | --- | | October 8, 2026 | $2,449,000 | Asking price reduced by $76,875, or 3% | | August 17, 2026 | $2,525,875 | Listed for sale by Corcoran Group | ## Property Tax History Taxes at 1448 PACIFIC Street were $14,887 in 2026. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $537,300 | $12,150 | $525,150 | $119,093 | $14,887 | 12.5% (estimated) | | 2025 (FY 2025/26) | $671,850 | $12,150 | $659,700 | $119,093 | $14,887 | 12.5% (estimated) | | 2024 (FY 2024/25) | $601,650 | $12,150 | $589,500 | $115,328 | $14,416 | 12.5% | | 2023 (FY 2023/24) | $557,550 | $12,150 | $545,400 | $106,791 | $13,351 | 12.502% | | 2022 (FY 2022/23) | $666,000 | $12,150 | $653,850 | $98,888 | $12,131 | 12.267% | | 2021 (FY 2021/22) | $601,650 | $12,150 | $589,500 | $91,610 | $11,208 | 12.235% | | 2020 | The City did not publish assessment data for this year. | — | — | — | — | — | | 2019 | The City did not publish assessment data for this year. | — | — | — | — | — | | 2018 (FY 2018/19) | $82,147 | — | — | $82,147 | $10,360 | 12.612% | | 2017 (FY 2017/18) | $76,068 | — | — | $76,068 | $9,675 | 12.719% | | 2016 (FY 2016/17) | $70,469 | — | — | $70,469 | $9,085 | 12.892% | | 2015 (FY 2015/16) | $70,469 | — | — | $70,469 | $9,079 | 12.883% | | 2014 (FY 2014/15) | $68,242 | — | — | $68,242 | $8,773 | 12.855% | | 2013 (FY 2013/14) | $63,190 | — | — | $63,190 | $8,306 | 13.145% | | 2012 (FY 2012/13) | $58,514 | — | — | $58,514 | $7,713 | 13.181% | | 2011 (FY 2011/12) | $54,207 | — | — | $54,207 | $7,282 | 13.433% | | 2010 (FY 2010/11) | $54,207 | — | — | $54,207 | $7,238 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3012090035. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 1448 PACIFIC Street 1448 PACIFIC Street, Brooklyn, NY 11216 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1931 - **Active Units**: 1 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1448-pacific-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/1448-pacific-street-ny-11216) | 22 | 8 | 1,750 sqft | $1,399 | $2,449,000 (-3.0%) | Corcoran Group | Aug 17, 2026 | 61 days | ## Crown Heights Overview of Crown Heights [Explore Crown Heights](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Crown Heights - [Prospect Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) - [Prospect Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park) - [Brownsville real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brownsville) - [East Flatbush real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-flatbush) ## Related Links - [1448 PACIFIC Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1448-pacific-street) - [Crown Heights neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.