1545 Pacific Street
$1,575,000
MLS# RLS20120799 · Crown Heights
Listed October 14, 2026 · 15 days on the market
7 Beds 7 Baths 2,990 Sq.Ft.
About This Property
1545 Pacific Street | 7-Unit Rent-Stabilized Brownstone | 9.98% Stabilized Cap
Marketing description
eXp Realty is pleased to present 1545 Pacific Street, a well-positioned 7-unit rent-stabilized brownstone in Brooklyn’s Crown Heights neighborhood, offered at $1,575,000.
The property presents an attractive opportunity for investors seeking strong existing income combined with immediate upside. Five apartments are currently occupied at rents that are relatively close to their registered levels, while two apartments—Garden/1G and 3B—are intentionally being held vacant for the incoming purchaser, providing the new owner with flexibility upon acquisition.
The 2025 DHCR registration reflects legal registered rents of $2,450.74/month for Garden/1G and $2,668.75/month for 3B. Including these legal rents in the stabilized rent roll results in approximately $186,942 in annual gross rental income, an estimated $159,684 NOI, and an attractive 9.98% stabilized cap rate at the $1.575M asking price.
The property benefits from relatively low operating expenses, including annual real estate taxes of approximately $11,262 and insurance of approximately $3,600. Ownership currently reports approximately $9,096 annually for water, electric and gas combined. An incoming investor may have an additional opportunity to increase NOI by separating electric and gas and shifting individual usage to tenants, subject to all applicable rent-stabilization, utility and regulatory requirements.
The building offers classic Brooklyn brownstone character, with apartments featuring details such as exposed brick, hardwood flooring, high ceilings and abundant natural light. The property measures approximately 19.17' x 45' on a 19.17' x 100' lot and is situated in an R6 zoning district.
Location further strengthens the investment. The Kingston–Throop A/C subway station is only a few blocks away, providing convenient access throughout Brooklyn and into Manhattan. The property is also surrounded by the increasingly popular dining and lifestyle destinations of Crown Heights and Bed-Stuy, including Zaca Cafe, Saraghina, Trad Room, L'Antagoniste, Peaches, and numerous additional cafes, restaurants and neighborhood amenities.
Investment Highlights: 7 rent-stabilized units • 2 apartments intentionally delivered vacant • $1,600,000 asking price • approximately $186,942 stabilized annual rental income • approximately $159,684 NOI • 9.98% stabilized cap rate • $11,262 annual taxes • additional utility-separation upside • R6 zoning • classic brownstone construction • strong Crown Heights/Bed-Stuy location • convenient A/C subway access.
1545 Pacific Street represents an opportunity to acquire a high-yielding Brooklyn multifamily asset with strong stabilized income, two vacant apartments for the incoming purchaser, and additional operational upside.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by EXP Realty NYC.
1545 Pacific Street has seven bedrooms and seven bathrooms across 2,990 square feet. The listing describes it as a multifamily property on a 17 by 100 foot lot in Crown Heights, with classic brownstone character, exposed brick, hardwood flooring and high ceilings. High ceilings can give a room more volume and let you furnish it more flexibly, though they don't by themselves make a floor plan work.
There's a patio, and the home has private outdoor space under 60 square feet. Outdoor space is easy to overlook in a home this size, but a patio you can reach from inside is worth having.
Transit is close. The Kingston-Throop Avs station on the C line is about 5 minutes away on foot, St. Andrew's Playground is about 3 minutes, Brower Park about 6, and the Brooklyn Children's Museum about 8. For groceries, Fine Fare is about 6 minutes on foot and Super Foodtown of Bed-Stuy is about 8. Cafe Plus is about 4 minutes away and T-Cup Cafe about 5.
Pets are allowed.
Quick answers+
Does the home have private outdoor space?
Yes. It has a patio and private outdoor space under 60 square feet.
How many bedrooms and bathrooms does it have?
Seven bedrooms and seven bathrooms, across 2,990 square feet.
Are pets allowed?
Yes. Pets are allowed.
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Pets allowed
Home features
- Private outdoor space (under 60 sq ft)
- Patio
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$8,903 / month
- Principal and interest$7,964
- Property taxes$939
Due at closing
- Down payment (20%)$315,000
- NYS “mansion tax” (1%)$15,750
- Mortgage recording tax (1.925%)$24,255
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.
Gallery
Property Photos
Listing Courtesy of EXP Realty NYC
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.