1588 Pacific is a two family brick townhouse built in 2004 with a total of 5 bedrooms, 6 full bathrooms, and 3 floors of living space plus a fully finished cellar. Built 55 feet deep on a 107 foot lot, this home can be used in a multitude of ways and enjoyed by both investors and end users.

The owners triplex has three large bedrooms and three full bathrooms, a laundry room and a private backyard. The parlor level kitchen, living and dining room are North facing and receive a plethora of sunlight! On the rear of the home, a large bedroom with access to the fully manicured backyard with a flowering peach tree providing shade and treats on hot summer days. A raised deck and turf grass makes it low maintenance and tidy, and offers the perfect landscape for summer barbecues!

Upstairs, the primary suite has an en-suite bathroom, and a large home office space that could also be used as a walk in closet- there is plenty of space for both! The second bedroom has access to a separate full bathroom in the hallway.

Upstairs, a large two bedroom apartment that has a washer & dryer would rent for approx. $3,000. The triplex would rent for approximately $7,500. Annual taxes: $7,624/year. With a little over 1,000 sq ft of buildable, a projected $10,500 of monthly income- this could be the perfect investment opportunity for a savvy investor at a 6.1% cap rate.

Close to the A, C, 3 & 4 trains at Utica Ave and easy street parking, 5 minutes from Brooklyn Children's Museum, and a plethora of parks and green spaces.

Property Details of 1588 Pacific Street, Unit NA

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Listed by Edward Ugrinsky and Daniel Cohen of Corcoran Group

Based on information submitted to REBNY as of September 30, 2022 12:06 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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