---
title: "1448 PACIFIC Street, Brooklyn, NY 11216"
description: "1448 PACIFIC Street, Brooklyn, NY 11216 — NYC real estate listing on Real Estate Rebate Team. Priced at $2,525,875. Est. potential buyer savings up to $63,146 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/1448-pacific-street-ny-11216"
source: "Real Estate Rebate Team"
---

# 1448 PACIFIC Street, Brooklyn, NY 11216

> **Listing Courtesy of:** Corcoran Group

## Description

Introducing a rare, multifamily investment opportunity to acquire a 6,328 SF, 8-unit building in the heart of the Crown Heights North Historic District, one of Brooklyn's most desirable and supply-constrained neighborhoods. This four-story building comprises five (5) free-market units and three (3) rent-stabilized units, offering investors a compelling combination of in-place cash flow and future value-add potential. The property's Landmark District designation enhances its long-term appeal by protecting and preserving the area's historic charm, enduring demand, and long-term value. 
 
 The asset offers significant upside, with approximately $213,363 in annual gross income, and documented legal and projected rent roll totaling $308,319 annually, creating a compelling value-add opportunity. Investors have the potential to realize more than $94,000 in additional annual revenue. This gap presents an opportunity to increase revenue by more than 44 Percent, driven by lease turnover, market rent alignment/optimization and vacancy recovery.
 
 At the asking price, the offering presents favorable acquisition metrics, including:
  8.3 Percent Cap Rate based on Projected NOI 12.2x Multiple on Potential Gross Income $399 Per Square Foot  Rich in architectural character, the building benefits from a highly detailed late-19th century facade featuring projecting bay windows, decorative brick banding, ornate pediment (rosette) detailing, engaged columns, festoon ornamentation, fretwork spandrel panels, and a denticulated metal cornice. These preserved architectural elements enhance the property's street presence, support leasing appeal, and contribute to the enduring value associated with ownership within the landmarked Crown Heights North Historic District.
 
 Investment Highlights:
  Landmarked Crown Heights North Historic District, one of Brooklyn's most established residential enclaves 8-unit multifamily asset; (5) free-market; (3) rent-stabilized Favorable operating profile with low annual property taxes of approximately $14,814 Annual Gross Income: $213,363 Projected Rent Roll: $308,319 Significant revenue growth potential supported by legal rents materially above current in-place income Immediate and near-term income growth potential through vacancy recovery and free-market unit turnover Strong transportation connectivity and access to neighborhood retail and cultural amenities High-demand neighborhood positioned to benefit from continued investment Ideal acquisition for private investors, asset managers, and multifamily operators seeking a combination of current yield, income growth, and long-term value creation  
 Could this be the Crown Heights investment opportunity you've been waiting for? Call now to learn more.

## Property Details

- **Price**: $2,525,875
- **Potential Buyer Rebate**: $63,146
- **Bedrooms**: 22
- **Bathrooms**: 8
- **Living Area**: 1,750 sqft
- **Property Type**: Residential
- **Year Built**: 1931
- **Building**: 1448 PACIFIC Street
- **Neighbourhood**: Crown Heights
- **Area / Borough**: Brooklyn
- **Subdivision**: Crown Heights
- **Listing Office**: Corcoran Group
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$63,146** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/1448-pacific-street)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/crown-heights)
- [Estimate your Buyer Commission Share and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> 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.