555 PACIFIC Street, New York City, NY 11217
Listing Courtesy of Platinum Properties
$3,595,000
Potential Rebate: $53,925
Overview
<p>Welcome to 555 Pacific Street, a beautifully preserved FULLY VACANT brownstone in prime Boerum Hill. This stout, extra-wide building is an opportunity to blend the heritage of Brooklyn brownstone living with the convenience of contemporary BK. Owners can transform the entire building into the single-family home of their dreams. Savvy developers can convert to condos, such as a decadent duplex over an expansive triplex.</p> <p>The building is the tallest on the block, standing nearly 44' tall. It sits on an oversized 21-feet wide lot and possesses buildable floor area for expansion, making for near limitless opportunities. The 1910 structure currently spans five levels and 3,360 square feet of livable space. Unused FAR allows an additional 420 square feet for a potential final product with 4,800 square feet of total indoor area to enjoy.The excellent condition of the exterior highlights the key components for a successful renovation. In place are high parlor ceilings of 11'3" and exceptionally tall top floor height of 8'10. Very significant is the presence of a fully dug cellar with 7'3" ceilings already in place.</p> <p>The astute homeowner or developer will also appreciate the original fixtures and Art Deco details found throughout, such as original glass and tile work, built-in cabinetry and a banister in exceptional condition. Small details with significant importance also include unusually level floors for a townhouse of this age, reducing renovation costs for the next owner.Picture yourself entering a stunning open-concept garden level living room with ceilings soaring 20 feet above. Imagine entering the upper floor extension to find the primary bedroom you've always dreamed of. The south facing facade provides you exceptional light year round. The 1,050-square-foot garden is a lush and private outdoor escape - ideal for entertaining or relaxing.</p> <p>Incredible outdoor space with views of historic BK and the towers ascending in DTBK await.Rarely does a property like 555 Pacific Street come to market-with its historic integrity, expansion potential, and location near Park Slope, Prospect Heights, Fort Greene, Cobble Hill and booming Gowanus. Do not miss the unique chance to own a true piece of Brooklyn's architectural legacy and to guide its future.The property is currently fully vacant and can be shown at any time. Call to schedule today.Images of existing property are virtually staged. Architect renderings are marked.</p>
Home Features
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
Estimated Monthly Payment
$19,543 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$53,925
Monthly savings impact
$150/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Platinum Properties
Data Source: TRESTLE #RLS20047646
Price Analysis
Compare average listing prices and value metrics for 555 PACIFIC Street against the surrounding Boerum Hill market.
Average List Price
Price Per SqFt
10.44% Lower
than the Boerum Hill price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Boerum Hill
Overview of Boerum Hill
Boerum Hill is the relaxed, artsy sibling of the brownstone belt. Sitting between Cobble Hill and Park Slope, it offers tree-lined streets of red-brick rowhouses and a vibrant shopping scene on Atlantic Avenue. For buyers seeking Boerum Hill Brooklyn real estate, it offers a perfect blend of residential quiet and commercial convenience.
Living in Boerum Hill is unpretentious but upscale. It feels lived-in. As a central Brooklyn NYC neighborhood, it offers the best access to transit and downtown Brooklyn while maintaining a low-rise village scale.
Real Estate & Housing Market
The market for homes for sale in Boerum Hill is strong. The neighborhood is known for having a higher concentration of red-brick townhouses (vs. brownstone) and many are still single-family homes.
New luxury condos along the Atlantic Avenue corridor have added modern options, creating a diverse housing stock.
Lifestyle & Community
The lifestyle in Boerum Hill is convenient. Atlantic Avenue is famous for its antique shops, Middle Eastern spice markets (Sahadi's), and trendy boutiques. Smith Street offers nightlife and dining.
The community is creative and professional. Actor Heath Ledger famously lived here, cementing its cool factor.
Transportation & Accessibility
Boerum Hill has arguably the best transit in Brooklyn. You are walking distance to Atlantic Terminal (all trains + LIRR) and the A/C/G at Hoyt-Schermerhorn and F/G at Bergen.
Commuting to Manhattan takes 10-15 minutes.
Parks, Schools & Amenities
While it lacks a massive park within its borders, it has smaller pleasant spaces, and residents often walk to nearby Brooklyn Bridge Park or Fort Greene Park.
Amenities are top-notch: easy access to the Barclays Center, City Point (Alamo Drafthouse, Trader Joe's), and the cultural BAM district.
Who This Neighborhood Is Best For
Boerum Hill is best for commuters, design lovers, and buyers who want a quiet street but instant access to the energy of Downtown Brooklyn.
