1253 Pacific Street, Crown Heights, Brooklyn
Free Market 4-Family | Owner User + Investment
Investment highlights
● Fully Free Market: The property has no history of rent regulation
● Owner User Opportunity: Finishes, garden access, neighborhood, and transit-oriented location make this an
ideal candidate for a hybrid owner/user/investor living in one or more of the units and renting out the rest
● Value-Add / Investment Opportunity: The property is in good condition, though renovations would result in
improved rent roll and decentralizing utilities would reduce landlord expenses
● Transportation Accessibility: The A, C, & S subway lines and the Long Island Railroad (Nostrand Ave stop)
are within 3-5 blocks away, with access to Lower Manhattan and Broadway Junction within 15 minutes
● Protected Tax Class: Tax class 2A limits RE tax increases to no more than 8% a year or 30% over 5 years
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