--- 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 $2,525,875. 22 bed, 8 bath, 1,750 sqft Illustrative Buyer Commission Share of $37,888 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" status: "Active" --- # 1448 PACIFIC Street, New York City, NY 11216 Multi Family Home in Crown Heights, Brooklyn, NY Courtesy of Corcoran Group ## At a Glance - **Listing Price**: $2,525,875 - **Beds**: 22 - **Baths**: 8 - **Sqft**: 1,750 - **Monthly Taxes**: $200 / mo - **Price per Sqft**: $1,443 - **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**: $2,525,875 - **Illustrative Buyer Commission Share**: -$37,888* - **Illustrative Net Cost**: $2,487,987 *Illustrative Buyer Savings of $37,888 — 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/346822f3-6ce5-44fb-b12d-44850369a3c1.jpg) ![1448 PACIFIC Street, New York City, NY 11216 — photo 5 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/10248d1f-9ac8-47b8-9f7c-3de40954afcd.jpg) ## Property Overview 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 - **Property Type**: Multi Family - **Beds**: 22 - **Baths**: 8 - **Rooms**: 30 - **Sqft**: 1,750 sqft - **Stories**: 4 - **Year Built**: 1931 - **Price per Sqft**: $1,443 - **Monthly Taxes**: $200 / mo - **Listed On**: Aug 17, 2026 - **Days on Market**: 21 Days ### Residence Features - In Unit - Smoke Free ## Sales Evidence ### How this price compares The median closed price for comparable house sales in Crown Heights is $1,999,999, based on 20 sales between September 2021 and August 2026. This home is asking $2,525,875, $525,876 above that median. The middle half of those sales closed between $1,500,000 and $2,358,750. - **Median closed price**: $1,999,999 - **Middle half**: $1,500,000 – $2,358,750 - **Based on**: 20 house sales in Crown Heights - **Period**: September 2021 – August 2026 - **Median $/ft²**: $686/ft² Across the 19 of these sales with a published asking price, the median closed at 94.1% of what it originally asked. 68% of them closed below the original ask. 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 - **Sold vs original ask**: 94.1% of the original ask - **Closed below ask**: 68% of 19 sales - **Listed → in contract**: 72 days (about 10 weeks) - **In contract → closed**: 50 days (about 7 weeks) Across the 19 of these sales with a published asking price, the median closed at 94.1% of what it originally asked. 68% of them closed below the original ask. Half of these homes were in contract within 72 days (about 10 weeks) of coming to market, based on the 18 with a recorded listing date. Once a deal was agreed, closing took a further 50 days (about 7 weeks), based on the 18 with both dates recorded. 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. Based on 20 house sales in Crown Heights, September 2021 – August 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. 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) ## 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 - **Total 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 | $1,443 | $2,525,875 | Corcoran Group | Aug 17, 2026 | 21 days | ## Estimated Monthly Payment **$12,972 / month**, assuming a 20% down payment ($505,175), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $12,772 - **Property Taxes**: $200 Estimates only. Actual payments may vary. Confirm terms with your lender. ## 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.