Located in a prime Boerum Hill block of Greek Revival, Gothic and Italianate brownstones, 398 Pacific Street and its adjacent empty lot are being marketed as a development site. Luckily, the block is landmarked, so we imagine any development would preserve the facade of the existing building and create something harmonious next door, even if on the inside the buyer opts to turn the whole thing into one multi-unit apartment building.

The interior of 398 Pacific, an Italianate, doesn’t look all that bad in the photos, though some fresh paint wouldn’t hurt. It’s currently set up as a duplex with triple parlor and marble fireplaces, with two 2.5-bedroom floor-through apartments above.

But on to the technical details of the development potential of the site: The two lots together are 44 feet wide. The empty lot has a curb cut, and the 4,400-square-foot three-family brownstone could be enlarged to a total of 8,800 square feet, according to PropertyShark. The listing notes that an additional 1,280 square feet would potentially be allowed under R6 zoning. (We have no idea if Landmarks would approve such an enlargement, but there is a 50-foot-long backyard.)

The property will be “delivered as is,” said the listing, which didn’t specify if that also includes tenants. Do you think the asking price of $4,250,000 makes sense for a developer or an owner occupant?

398 Pacific Street [Elliman] GMAP

 


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