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1509 Pacific Street

Updated Apr 16, 2026

Brooklyn Multifamily Property Sells For $2,400,000 With Seller's Rep Brian Whelan & Team
SOLDMultiFamily

Brooklyn Multifamily Property Sells For $2,400,000 With Seller's Rep Brian Whelan & Team

1509 Pacific Street

$2,400,000

$352/SF

Building Size

6,800 SF

Asset Type

MultiFamily

Closing

Mar 24, 2026

About this deal

AI

The property asset located at 1509 Pacific Street in Brooklyn is a multifamily unit, comprising a total square footage of 6,800. It was sold for a transaction amount of $2,400,000, which equates to a price per square foot of $352.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,400,000
  • Sales Price per Square Foot: $352
  • Square Footage: 6,800
  • Address: 1509 Pacific Street
  • Market: Brooklyn
  • Seller's Representatives: Brian Whelan, Kevin Schmitz, Mitchel Flaherty & Stephen R. Preuss Sr. - Ripco

The representatives involved in this transaction include Brian Whelan, Kevin Schmitz, Mitchel Flaherty, and Stephen R. Preuss Sr., all of whom are associated with Ripco. Their combined expertise facilitated the closing of this deal, ensuring a successful transaction for the seller.

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$2,400,000

$352/SF

MultiFamily

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Players

Brian Whelan

Ripco

Broker

$141.1M

vol

32 deals

Broker
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $352 per square foot on a published $2.4M for 6,800 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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