467 Pacific Street
467 Pacific Street, Brooklyn, NY 11217
BBL 3001850048 · BIN 3000991
- Year built
- 1912
- Type
- Condop
- Units
- 25
- Floors
- 5
- Landmark
- No
- 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
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. With 25 apartments in about 17,855 square feet, the apartments are small on average, with an average of five per floor. 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.
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.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent transfers at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Apr 15, 2026 | 22 | $855,000 |
| Oct 28, 2025 | 10 | $1,035,000 |
| Oct 19, 2023 | 3 | $500,000 |
| Jul 26, 2023 | 4 | $725,000 |
| Jun 8, 2021 | 17 | $635,000 |
| Mar 12, 2021 | 15 | $720,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00185-0048) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
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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
- 422 State Street — 1912 co-op
- 423 Atlantic Avenue (The Ex-Lax Building) — 1925 co-op
- 465 Pacific Street — 2017 condominium by Morris Adjmi Architects
- 497 Pacific Street — 1922 condop
- 509 Pacific Street (The Hendrik) — 2016 condominium
- 533 Pacific Street (Post House) — 2021 condominium by Isaac & Stern Architects
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?
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