1448 PACIFIC Street
$2,449,000
MLS# RLS20109673 · Crown Heights
Originally listed at $2,525,875. Price last reduced on October 8, 2026.
Listed August 17, 2026 · 86 days on the market
22 Beds 8 Baths
About This Property
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.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Corcoran Group.
Bay windows that project from the front, brickwork laid in decorative patterns, rosettes, and a metal cornice with denticulated trim give the late-19th-century facade at 1448 Pacific Street its character.
The listing says the district's landmark protections keep that exterior in place, so the detailing is protected along with the building.
The building has eight units, five free-market and three rent-stabilized, and seven of them are occupied. It's also described as a green building, and there's a washer and dryer in the unit. In-unit laundry is an everyday convenience in New York, since it saves a trip out of the apartment for a load of wash.
The property has 22 bedrooms and 8 bathrooms, so there's plenty of room to think about how the space gets used.
The C at Kingston-Throop Avenues is about 5 minutes on foot. St. Andrew's Playground is about 2 minutes away, and Brower Park is about 4 minutes. Meat, a restaurant, is about 2 minutes off too.
Quick answers+
Does the building have in-unit laundry?
Yes. There's a washer and dryer in the unit.
Are pets allowed?
Pets are allowed case by case, and the building is smoke-free.
How many units does the building have?
Eight: five free-market and three rent-stabilized. Seven of the eight are occupied.
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Pets allowed0 lbs Pets Allowed: Case By Case.
- Smoke-free
Home features
- Washer/dryer in unit
Building amenities
Services and facilities
- Green building
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$12,583 / month
- Principal and interest$12,383
- Property taxes$200
Due at closing
- Down payment (20%)$489,800
- NYS “mansion tax” (1.25%)$30,613
- Mortgage recording tax (1.925%)$37,715
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
Location & Nearby
Map
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1448 PACIFIC Street
Subway
- CKingston-Throop AvsAbout 5 min walk
Parks
- St. Andrew's PlaygroundAbout 2 min walk
- Brower ParkAbout 4 min walk
- Harmony ParkAbout 9 min walk
Public schools · Elementary schools
- P.S. 289 George V. BrowerAbout 5 min walk
- P.S. 93 William H. PrescottAbout 7 min walk
- P.S. 243K- The Weeksville SchoolAbout 10 min walk
Middle schools
- Restoration AcademyAbout 7 min walk
- Launch Expeditionary Learning Charter School · CharterAbout 10 min walk
High schools
- Academy for Health CareersAbout 4 min walk
- Pathways in Technology Early College High School (P-Tech)About 4 min walk
Museums
- Brooklyn Children'S MuseumAbout 5 min walk
- Jewish Children'S MuseumAbout 15 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
The Neighborhood
About Brooklyn
Crown Heights is covered by our Brooklyn guide.
A dynamic borough offering architecturally significant residences, world-class culture, and an unmatched creative energy.
Walkability
9/10
Public transit
8/10
Schools
7/10
Dining
9/10
Groceries & parks
8/10
Gallery
Property Photos
Listing Courtesy of Corcoran Group
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.