Eight-Unit Multifamily in Crown Heights
1444 Pacific St
Crown Heights
Closed 06/30/2013 at
$1,250,000
B65
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718-768-6888
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Overview
TerraCRG has been retained to exclusively represent ownership in the sale of the multifamily building located at 1444 Pacific Street, in the Crown Heights neighborhood of Brooklyn. The property is located on Pacific Street between Kingston Avenue and Brooklyn Avenue.
The four story building consists of a total of eight residential units all 3-bedroom apartments. The property has currently four vacant apartment and may have an additional two vacant units shortly bringing it to a total of six vacant units; the projected gross rent for the building is $146,760/annual.
The property is located just a few blocks from the A & C Kingston Avenue Subway Station. The property is also accessible through the B65 bus line that runs East and West on Fulton Street.
Attractions
Until recently, the main thoroughfares of Crown Heights — which stretched between quiet blocks of historic brownstones — were bleakly dotted with discount stores and shuttered retail spaces. But today, the area — particularly Franklin Avenue and the surrounding streets, which are serviced by the A, C, 2, 3, 4 and 5 subway lines — is evolving into a new foodie mecca, complete with rustic Italian restaurants, bustling bars and even shops hawking locally made cheeses. And the frenzy’s not stopping anytime soon.