Marcus & Millichap - Tri Borough Multi-Family

250 Pacific Street


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Price: $9,800,000
Building Size: 23,200 Square Feet
Property Type: Multi Family
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206

Marcus & Millichap is pleased to offer 250 Pacific Street, located between Smith Street and Court Street in the Cobble Hill section of Brooklyn. The subject property is a five story residential building that consists of 25 apartment units. The property is built 48 ft x 84 ft and sits on a 47.75 ft x 100.5 ft lot with approximately 17,215 gross square feet. The property is zoned R6A (Block: 0187, Lot: 12) The unit mix includes five 1-Bedroom apartments, sixteen 2-Bedroom apartments, four 3-Bedroom apartments. 15 units have been deregulated and renovated with luxury finishes, 10 units remain rent regulated. This property offers investors the rare opportunity to purchase a substantial apartment building with luxury finishes in many apartments and a low average apartment rent in the prime Cobble Hill section of Brooklyn, New York.