1588 Pacific Street

About this property

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.

Listing courtesy of Edward Ugrinsky and Daniel Cohen