Landmarked Renaissance Revival
For Sale
$2,399,000
1037 Sterling Pl, Brooklyn, NY 11213
Two-family residence with preserved period details, renovated kitchen, and landscaped rear garden.
Property Size3,926 SF
Price / SF$611.05
Days on Market48
Property Features for 1037 Sterling Pl
General Information
Standard status
Active
Size
3,926 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,377
Building Details
Building Size
3,926 SF
Year Built
1902
Stories
3
Units
2
Construction
Renaissance Revival limestone
Listing Agency:
Compass
Listed By:
Yara Ghossein · License #10401248976
(917) 667-7925
Source:
Elliman
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 24 at 5:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
Built in 1902, this semi-attached Renaissance Revival limestone occupies three levels plus a high-ceilinged basement and contains 3,926 square feet. The current two-family arrangement provides five-plus bedrooms, while the 20' width supports generously proportioned rooms and a flexible interior plan. Historic elements include fretwork, wainscoting, pocket doors, stained glass, pier mirrors, decorative fireplaces, and 10'5" ceilings on the parlor level. Modern updates include a renovated eat-in kitchen, two renovated bathrooms, and a butler’s pantry. Sliding doors connect the kitchen to a landscaped backyard, and a rear stair links the garden and parlor levels.
The property is within the North Crown Heights Historic District at 1037 Sterling Pl, Brooklyn, NY 11213. Brooklyn Botanic Garden, Brower Park, Brooklyn Public Library at Grand Army Plaza, Brooklyn Children's Museum, and Jewish Children's Museum are identified nearby. Transit access includes the 2, 3, 4, and 5 trains along Eastern Parkway, the A and C lines, LIRR service, and the B44 and B45 bus lines.
The property is within the North Crown Heights Historic District at 1037 Sterling Pl, Brooklyn, NY 11213. Brooklyn Botanic Garden, Brower Park, Brooklyn Public Library at Grand Army Plaza, Brooklyn Children's Museum, and Jewish Children's Museum are identified nearby. Transit access includes the 2, 3, 4, and 5 trains along Eastern Parkway, the A and C lines, LIRR service, and the B44 and B45 bus lines.
Key Highlights
- 3,926‑square‑foot semi‑attached Renaissance Revival limestone built in 1902
- Current two‑family configuration with five‑plus bedrooms
- Three levels plus a high‑ceilinged basement; 20' width
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,495
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,749,900
$2.7M
Cap Rate 7%
$1,964,214
$2.0M
Cap Rate 9%
$1,527,722
$1.5M
Market Conditions
NOI Build-Up for 3,926 SF
Gross rent
$200.2K $51.00/SF
− Vacancy
−$3.8K −$0.97/SF
EGI
$196.4K $50.03/SF
− OpEx
−$58.9K −$15.01/SF
NOI
$137.5K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,749,900
Cap Rate 7%
$1,964,214
Cap Rate 9%
$1,527,722
Alternative Uses
Best Use
Multifamily LT 5
$1.96M
$1.72M – $2.29M
NOI $137,495 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$1.71M
$1.50M – $2.00M
NOI $119,857 @ 7.0% cap · market cap 5.00%
Theoretical Best
Specialty Retail
$3.25M
$2.84M – $3.79M
NOI $227,551 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,101
Businesses Nearby
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Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with preserved period details, renovated kitchen, and landscaped rear garden.
Where is this duplex located?
The property is located at 1037 Sterling Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: 3,926‑square‑foot semi‑attached Renaissance Revival limestone built in 1902; Current two‑family configuration with five‑plus bedrooms; Three levels plus a high‑ceilinged basement; 20' width
