1045 Sterling Pl Brooklyn, NY 11213
Call to check price and availability
Prime Brooklyn investment opportunity. High cash flow.
Property size:
17,420 SFProperty Features for 1045 Sterling Pl
General Information
- Property type
- Multifamily properties
- Square Feet
- 17,420 SF
Building Details
- Buildings
- 17420
- Stories
- 4
- Units
- 17
Listing Agency: Ariel Property Advisors Listing Agent: Victor Sozio
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 17-unit apartment building in Crown Heights, Brooklyn presents a compelling investment opportunity. Located on Sterling Place, between Brooklyn and Kingston Avenues, this four-story walk-up building boasts 17,420 square feet on a 5,750 square foot lot, zoned R6. The property features a mix of ten three-bedroom and seven two-bedroom units, with three duplex units offering over 1000 square feet of backyard space. Nine units are modernized and operate on a free market basis. Recent capital improvements include a new boiler, a security camera system, an intercom system with key fob access, and a conversion from oil to gas heating. The building enjoys strong cash flow and occupancy, with potential for further growth. Its prime location offers convenient access to the 3, A, and C subway lines, the B43 bus, and a vibrant neighborhood with numerous restaurants, cafes, bars, shops, and parks, including Brower Park. The asking price is $4,700,000, representing a price per unit of $276,471 and a price per square foot of $270. The property exhibits a current cap rate of 5.74% and a pro-forma cap rate of 6.48%. This is a rare chance to acquire a well-maintained, high-performing multifamily asset in a rapidly appreciating Brooklyn neighborhood.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9439513
- Latitude
- 40.6724493
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Prime Brooklyn investment opportunity. High cash flow.
Where is this multifamily property located?
The property is located at 1045 Sterling Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Prime Crown Heights location on Sterling Place, between Brooklyn & Kingston Avenues.; Recently renovated with new boiler, security cameras, intercom system, and gas conversion.; Excellent transit access: close to 3, A, C subway lines and B43 bus.
