467 Pacific Street
467 Pacific Street, Brooklyn, NY 11217
Boerum Hill, Brooklyn
BBL 3001850048 · BIN 3000991
- Year built
- 1912
- Type
- Cooperative
- Units
- 25
- Floors
- 5
- Flip tax
- The corporation collects transfer fees on sales, per its financial statements. The rate and who pays it are not documented in the materials on file
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted
- Pied-à-terre
- Permitted
- Pets
- Pets permitted; species and limits not stated
- Washer/dryer
- Permitted
- Maximum financing
- 80% of the purchase price
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2023–2026
- $790K
- 4 qualifying sales
- Recent range
- $500K – $1M
- Listing discount
- -3.1%
- Recorded transfers
- 30
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 467 Pacific Street would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
467 Pacific Street is a small prewar co-op on the first block east of the Boerum Hill Historic District. The district covers Pacific Street as far as Nevins; this building is just past it. It shares the street with the district's row houses and apartment buildings, but its exterior work does not need landmarks review.
The co-op dates from the late 1980s. The sponsor bought the building in 1986, the corporation was formed that December, and it took title from the sponsor in May 1990. The sponsor then kept selling shares for a long time. The sponsor still held about 30 percent of the shares at the end of 2013 and was still selling apartments in 2018.
That history shapes the building's finances. A co-op with a large sponsor block depends on the sponsor paying maintenance, and it can have a thinner pool of resident owners for the board. The sponsor's share has fallen since 2013. How much it still holds is the first question a buyer should ask.
Architecture and unit composition
The building is a five-story walk-up on a 50-foot lot, about 50 feet tall. The recorded 17,855-square-foot building area across 25 apartments is a gross ratio, not an interior apartment measurement. Five apartments per floor is an arithmetic average, not a verified floor-by-floor layout. Layouts and share allocations for each apartment are kept in The Roebling Research Library and shared with clients during diligence.
DOB filings show several apartment renovations since 2006, a skylight added to one apartment in 2017 and a new common laundry room in 2018. Because it is a walk-up, many buyers discount the upper floors for the climb, while others pay more for the light on the top floor.
Building operations
Underlying mortgage. In July 2005 the corporation refinanced with a $595,000 mortgage that did not fully amortize and was due July 1, 2015, per the 2013 audited financial statements. It also had a $100,000 line of credit, with $30,000 drawn in 2013. ACRIS records a $700,000 mortgage consolidation with a different lender in January 2015, before the old loan came due. For 25 apartments that is light leverage. The current balance, rate and maturity must come from the latest financial statements.
Reserves and planning. At the end of 2013 the corporation held about $132,000 in cash, including a reserve account of about $63,000. The auditors noted that it had not done a study of future major repairs. Ask for the latest statements, the current reserve and any assessment history.
Capital work on file with DOB. The boiler was replaced in 2014 with a dual-fuel gas and oil burner; heating ran on oil before that. Structural repairs were filed in 2016. Ask for the current Local Law 11 status and the dates of the last roof and façade work.
Policy framework
- Subletting, per a board resolution adopted in October 2005 and on file: a shareholder must have lived in the apartment for at least two years before applying. Each approval covers a term of up to one year. Subtenants must apply and be interviewed by the board, and must use the board's standard sublease with the house rules attached. Renewals need only an interview.
- Sublet fees, under the same resolution: an application fee, plus a sublet fee to the corporation equal to one month's maintenance for a one-year sublet (prorated for shorter terms). The fee rises for each consecutive sublet: 1.5 times for the second, twice for the third and three times for the fourth. It resets once the owner has lived in the apartment again for as long as it was sublet. If the owner falls behind, the board can require the subtenant to pay rent directly to the corporation.
- Purchase application, per the current form on file: a full financial package with two years of tax returns and W-2s, a balance sheet with supporting statements, an employment letter, two personal references, a neighbor reference and a landlord reference. Financed buyers add the loan commitment and a recognition agreement. The building's admissions committee reviews the package. There is a processing fee, a screening fee for each adult, and a refundable move-in deposit.
- Not documented: financing limits, flip-tax rate, pets, pied-à-terre use, and purchases by trusts or LLCs. All should come from the managing agent.
The sublet resolution is from 2005. Confirm that it is still the current policy.
Application and transaction fees
Fees below are from building management's published schedule, as of October 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $600 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $100 per applicant | Refundable Non-refundable |
Sublet
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $600 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Subtenant | When With the application | Amount $100 per applicant | Refundable Non-refundable |
Alteration
3 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Resident | When With the application | Amount Determined by Management, based on the scope of work | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Review Deposit | Paid by Resident | When With the application | Amount Determined by Board and Management based on scope of work | Refundable Not stated |
| Security Deposit | Paid by Resident | When Upon approval | Amount Equal to 10%~15% of total cost determined by Board and Management | Refundable Refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- 80% of the purchase priceSource: building management's published schedule, as of October 2026
- Guarantors
- PermittedSource: building management's published schedule, as of October 2026
- Co-purchasing
- PermittedSource: building management's published schedule, as of October 2026
- Parent buying for an employed child
- PermittedSource: building management's published schedule, as of October 2026
- Parent buying for a student child
- PermittedSource: building management's published schedule, as of October 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- PermittedSource: building management's published schedule, as of October 2026
- Wait before a sublet
- 2 yearsSource: The Roebling Team's building profile
- Pied-à-terre ownership
- PermittedSource: building management's published schedule, as of October 2026
- Short-term rentals
- Not permittedSource: building management's published schedule, as of October 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: building management's published schedule, as of October 2026
- In-unit washer/dryer
- PermittedSource: building management's published schedule, as of October 2026
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $281 per room a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Recent sales
467 Pacific Street trades in the Boerum Hill small-co-op market, priced per room. It competes with the walk-up co-ops and brownstone-apartment co-ops in Boerum Hill and Cobble Hill more than with the newer condominiums on the same stretch of Pacific Street. Floor level matters more than usual in a five-story walk-up. Two sales have closed in the last 24 months. ACRIS has recorded share transfers here in most years since 2004. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | vs. Ask |
|---|---|---|---|---|
| Sep 4, 2026 | 1 | 2 BR · 1 BA | $677,000 | +8.3% |
| Mar 30, 2026 | 22 | 2 BR · 1 BA | $855,000 | -4.5% |
| Oct 20, 2025 | 10 | 2 BR · 2 BA | $1,035,000 | -5.5% |
| Oct 4, 2023 | 3 | 1 BR · 1 BA | $500,000 | +3.1% |
| Jul 20, 2023 | 4 | 2 BR · 1 BA | $725,000 | +4.3% |
| Oct 27, 2022 | 24 | 1 BR · 1 BA | $459,000 | -0.2% |
| May 24, 2021 | 17 | 2 BR · 1 BA | $635,000 | -9.2% |
| Mar 5, 2021 | 15 | 2 BR · 1 BA | $720,000 | -3.9% |
Market read. $/sf is measured on the latest sales with reliable square footage (2019): a median $1,095/sf (recorded) across 1 sale. The building has traded as recently as 2026. Median listing discount 1.4% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00185-0048). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 467 Pacific Street and nearby.
At the recent median sale of $855K (3 transfers in the past 24 months, since November 10, 2024), a buyer putting 25% down would pay about $11,756 to close, or 1.4% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $11,756
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Ask how many shares the sponsor still holds. It held about 30 percent in 2013. A remaining sponsor block affects the building's finances and some lenders' willingness to lend. Ask for the current figure and whether the sponsor is current on maintenance.
Get the current mortgage terms. The 2015 refinancing was modest for 25 apartments, but its maturity date decides when the next refinancing comes. Confirm it from the latest statements.
Plan for the two-year sublet wait. You cannot sublet for your first two years, and the fee rises each year after that. Buyers who may need to rent out the apartment should plan around this.
Prepare a full board package. The application asks for neighbor and landlord references as well as the usual financial documents. Assemble them early.
What to know if you’re selling
Lead with the block. It is prewar Pacific Street, next to the historic district, at co-op prices. That is the pitch for this building.
Get the paperwork together at listing. Buyers and lenders will ask for the latest financial statements, the sponsor's current share count and the mortgage terms. Having them ready shortens the board process.
Comparable buildings
If you're considering 467 Pacific Street, also evaluate:
- 422 State Street: a 1912 five-story Boerum Hill apartment house converted to a 20-apartment co-op in 1980–81
- 423 Atlantic Avenue (the Ex-Lax Building): an early Boerum Hill loft co-op a few blocks west
- 174 Pacific Street: a 28-unit Cobble Hill co-op in a former public school, farther west on the same street
- 175 Amity Street: a 17-unit prewar co-op in the Cobble Hill Historic District
- 177 Amity Street: a 15-unit Cobble Hill co-op converted in 1988–89
- 166 State Street: a 20-unit prewar walk-up co-op at the edge of Brooklyn Heights
- The Presidential, 759 President Street: a 1984 Park Slope conversion co-op
- The Hendrik (509 Pacific Street): a newer condominium a block east on Pacific Street, for buyers comparing co-op and condo
More Boerum Hill buildings
- 457 State Street — co-op
- 464 Warren Street (Grants' Mews), 464 Warren Street · Boerum Hill — 1989 condominium
- 465 Pacific Street — 2017 condominium by Morris Adjmi Architects
- 497 Pacific Street — 1922 condominium
- 509 Pacific Street (The Hendrik) — 2016 condominium
- 52 Third Avenue — 2005 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Boerum Hill.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 467 Pacific Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com