1025 Pacific Street Condominium
1025 Pacific Street, Brooklyn, NY 11238
Overview
1025 Pacific Street is a new 8-unit condo in Brooklyn, with 2 commercial units.
- Offering plan: Accepted November 2024 · 259 pages · floor plans on page 4
- Finishes: 9-foot ceilings, engineered wood floors, quartz kitchen countertops, Formica cabinets, Bosch appliances and a washer and dryer in each apartment
- Prices: $1,486 a square foot on average, as first offered; $15.2 million in all ($14.6 million when first offered)
- Developer: Atlantic Pacific Holdings LLC; principals Elon Lebouvich
- Sponsor: 1025 - 1027 LLC, represented by Eial Girtz, PC
- Subway: 8-minute walk to Franklin Av (C, S); 9 minutes to Clinton-Washington Avs (C)
- Amendments: 4, the latest in March 2026
- Units
- 8 residential · 2 commercial
- Subway
- 8 min walk to Franklin Av C SClinton-Washington Avs C, 9 min
- Developer
- Atlantic Pacific Holdings LLC
- Principals
- Elon Lebouvich
- Average $/sf
- $1,486Homes in Schedule A, as first offered
- Offering price
- $15.2 million total $14.6 million when first offered
- Floor plans
- Page 4 of the plan
- SubmittedApril 2025
- AcceptedNovember 2024
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
8 of 8homes sold (100%)
From city records (ACRIS), through Jun 30, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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Compare
| Figure | This building1 | James - Boutique Condominium Building28 units · 0.3 miaccepted 2024 | 503 Clinton38 units · 0.4 miaccepted 2025 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.62In line | $0.49 | $0.76 |
| Average Offering PricePer Apartment | $1.59MAbove peers | $1.58M | $1.29M |
| Average PricePer Square Foot | $1,486Below peers | $1,612 | $1,494 |
| Average Unit SizeSquare Feet | 1,073 SFLarger | 983 SF | 863 SF |
How We Got This
- Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 8 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 4 Mar 31, 2026
Amendment extends the plan for 6 months, corrects Unit 6A's monthly common charges due to clerical error, and updates condominium status including TCO renewals, closing activity, and financial accounts.
- Plan extended for 6 months
- Unit 6A monthly common charges corrected (annual charges unchanged)
- Declaration of Condominium recorded October 10, 2025
- Temporary Certificate of Occupancy issued October 23, 2025; renewed January 14, 2026 and March 27, 2026
- Permanent Certificate of Occupancy expected in approximately 30 days; $5,000.00 held in escrow
- First closing (Unit 5A) November 24, 2025; Units 3A, 4A, 4B, 5B also closed; Unit 3B in contract
- Working capital account balance $11,356.06; reserve account balance $1,599.99 (target $6,400.00)
- Sponsor covering all operating costs and delaying collection of common charges
- Schedule A prices increased for 5 homes (median +3.3%): 2A $2,485,000 → $2,650,000; 3A $995,000 → $1,050,000; 4A $1,055,000 → $1,075,000; 5A $1,065,000 → $1,100,000; ...
- Schedule A prices decreased for 3 homes (median -2.1%): 3B $1,385,000 → $1,350,000; 4B $1,405,000 → $1,375,000; 5B $1,425,000 → $1,400,000
Amendment 3 Sep 11, 2025
Amendment extends the plan for 6 months and updates unit specifications based on as-built conditions.
- Plan extended for 6 months
- Unit C1 cellar square footage decreased from 2,475 sq. ft. to 2,340 sq. ft.
- Unit 6A: 53 sq. ft. limited common element balcony added
- Units 3A, 4A, 4B and 5A are in contract
- Temporary Certificate of Occupancy obtained July 23, 2025
- Final Certificate of Occupancy anticipated by October 2025
- Construction completed April 2025
Amendment 2 Aug 8, 2025
Plan extends for 6 months and is declared effective based on three units in contract.
- Plan extended for 6 months
- Plan declared effective August 5, 2025 based on three units in contract (Units 3A, 4A, 4B)
- 25% of eight residential units are in contract
Amendment 1 Apr 1, 2025
Eight residential unit prices adjusted and plan extended 6 months.
- Plan extended for 6 months
- Unit 2A price increased from $2,485,000.00 to $2,650,000.00
- Unit 6A price increased from $2,685,000.00 to $2,750,000.00
- Unit 5A price increased from $1,065,000.00 to $1,100,000.00
- Unit 4A price increased from $1,055,000.00 to $1,075,000.00
- Unit 3A price increased from $995,000.00 to $1,050,000.00
- Unit 5B price decreased from $1,425,000.00 to $1,400,000.00
- Units 3B and 4B prices decreased
Team
- Sponsor
- 1025 - 1027 LLC
- Developer
- Atlantic Pacific Holdings LLC
- Principals
- Elon Lebouvich
- Counsel
- Eial Girtz, PC
- Tax estimate
- Highpoint Incentive Inc.Prepared the first-year real estate tax projection
- Construction lender
- Golden Bridge$6 million loan stated in the plan
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- M1-2A/R6A
- Special district
- Special Atlantic Avenue Mixed Use District (AAM) (AAM)
Today's zoning, from city data (PLUTO 26v2).
Nearby
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- 929 Atlantic Avenue Condominium0.1 mi · 19 units · 2018
- 171 & 173 Lefferts Place Condominium0.2 mi · 16 units · 2020
- 767 & 767a Bergen Street Condominium0.2 mi · 12 units · 2016
- 757 Bergen Street Condominium0.2 mi · 3 units · 2019
- Park Lee Fulton0.2 mi · 11 units · 2024
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