20-Unit Brick Walk-Up Apartment
For Sale
Contact for pricing
685 Sterling Place, Brooklyn, NY 11216
Four-story brick walk-up with a mix of studios through four-bedroom units near transit and neighborhood amenities.
Property Size17,276 SF
Price / SF$231.48
Days on Market60
Property Features for 685 Sterling Place
General Information
Standard status
Active
Size
17,276 SF
Property subtype
Multifamily
Zoning
R6-B
Net Operating Income
$273,242
Building Details
Year Built
1906
Buildings
1
Units
20
Listing Agency:
Revolution Real Estate
Listed By:
Salvatore Taormina · License #000000
Source:
Crexi
Added: Jun 10
Changed: Aug 7
Last Checked: Aug 7 at 5:35AM
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 Revolution Real Estate
Investment Insights
Based on property information with market context.
This 20-unit, four-story brick apartment building is configured as a walk-up and offers a mix of apartment sizes. The unit mix includes six four-bedroom units, eight three-bedroom units, four studio apartments, and two one-bedroom units, with layouts designed to accommodate a range of household needs. The property is self-managed, providing an owner-operated management structure.
Located at 685 Sterling Place in Brooklyn, the building sits on the border of Crown Heights and Prospect Heights. Public remarks note convenience to public transportation as well as nearby shopping and dining options, along with access to Prospect Park and the Brooklyn Museum.
For buyers or operators seeking a multifamily asset with varied unit types, the current rent roll reflects 12 rent-stabilized units, one rent-controlled/contract unit, and seven free-market units. This mix can be appealing for ownership models that value in-place residential income alongside flexibility to manage each unit class over time. The larger apartment sizes may also support tenant demand from households looking for more space within a walk-up building format.
Located at 685 Sterling Place in Brooklyn, the building sits on the border of Crown Heights and Prospect Heights. Public remarks note convenience to public transportation as well as nearby shopping and dining options, along with access to Prospect Park and the Brooklyn Museum.
For buyers or operators seeking a multifamily asset with varied unit types, the current rent roll reflects 12 rent-stabilized units, one rent-controlled/contract unit, and seven free-market units. This mix can be appealing for ownership models that value in-place residential income alongside flexibility to manage each unit class over time. The larger apartment sizes may also support tenant demand from households looking for more space within a walk-up building format.
Key Highlights
- 4‑story brick walk‑up built in 1906 with 20 total apartment units
- Unit mix: 6 four‑bedroom, 8 three‑bedroom, 2 one‑bedroom, and 4 studio apartments
- Rent roll includes 12 rent‑stabilized units, 1 rent‑controlled/contract unit, and 7 free‑market units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,644
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-story brick walk-up with a mix of studios through four-bedroom units near transit and neighborhood amenities.
Where is this apartment building located?
The property is located at 685 Sterling Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: 4‑story brick walk‑up built in 1906 with 20 total apartment units; Unit mix: 6 four‑bedroom, 8 three‑bedroom, 2 one‑bedroom, and 4 studio apartments; Rent roll includes 12 rent‑stabilized units, 1 rent‑controlled/contract unit, and 7 free‑market units
