Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1045 Sterling Pl Brooklyn, NY 11213

    Sponsored
    For Sale
    $4,700,000

    Prime Brooklyn investment opportunity. High cash flow.

    Property size:
    17,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 1045 Sterling Pl

    General Information

    Property type
    Multifamily properties
    Square Feet
    17,420 SF

    Building Details

    Buildings
    17420
    Stories
    4
    Units
    17

    HighLights

    • 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.
    • Strong cash flow and high occupancy with upside potential.
    • 17‑unit building (10 three‑bedroom, 7 two‑bedroom, 3 duplex units with large yards), 9 units modernized and free‑market.
    • Ten 3‑bedroom and seven 2‑bedroom units, three duplex units featuring over 1000 sq ft of private backyard space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9439513
    Latitude
    40.6724493

    Nearby Similar for Sale

    • New
      $1,585,000
      1,870 SF

      Two-Family Home in Greenwood Heights

      Two-family home with income potential in evolving Greenwood Heights.
      200 31St St, Brooklyn, NY 11232
      View Details
    • New
      $2,450,888
      3,200 SF

      Brooklyn Fourplex with High Income

      Updated 9-bedroom, 6.5-bath four-family with six apartments.
      354 Rutland Rd, Brooklyn, NY 11225
      View Details
    • $4,999,000
      3,060 SF

      Renovated Brownstone in Park Slope

      Impeccably renovated three-family brownstone in prime Park Slope location.
      645 Carroll St, Brooklyn, NY 11215
      View Details
    • $1,899,000
      2,032 SF

      Brooklyn Multi-Unit Home with Garages

      Large corner property with income potential in Bath Beach.
      8686 Bay 16Th St, Brooklyn, NY 11214
      View Details
    • $1,999,000
      2,700 SF

      Bedford-Stuyvesant Two-Family Townhouse

      Two-family townhouse in Bedford-Stuyvesant with income potential.
      427 Pulaski St, Brooklyn, NY 11221
      View Details
    • New
      $1,650,000
      2,048 SF

      Renovated Two-Family Home, Brooklyn

      Newly renovated 2-family in Dyker Heights with rental potential.
      200 Bay 7Th St, Brooklyn, NY 11228
      View Details
    • $6,990,000
      21,294 SF

      Bay Ridge Community Facility For Sale

      Three-story Brooklyn building suitable for medical, office, or community use.
      8710 5Th Ave, Brooklyn, NY 11209
      View Details
    • $1,500,000
      4,522 SF

      Renovated Mixed-Use Corner Property

      Fully renovated mixed-use property in Gravesend/Bensonhurst, Brooklyn.
      248 Avenue P, Brooklyn, NY 11204
      View Details
    • $4,025,000
      0.06 Acres

      Turn-Key 9-Unit Investment Opportunity

      9-unit property in Bedford-Stuyvesant with $275K NOI.
      305 Sumpter St, Brooklyn, NY 11233
      View Details
    • New
      $2,450,888
      0.05 Acres

      Brooklyn Multifamily Investment Opportunity

      Updated 9-bedroom, 6.5-bath legal 4-family with six apartments.
      354 Rutland Rd, Brooklyn, NY 11225
      View Details
    • $869,950
      Pending

      Vacant Three-Family Building in Brooklyn

      Vacant 3-family building in Ocean Hill, close to transportation.
      1936 Prospect Pl, Brooklyn, NY 11233
      View Details
    • $2,378,888
      4,320 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use building with doctor's office and residential units in Brooklyn.
      321 Marine Ave, Brooklyn, NY 11209
      View Details

    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.
    Request Owner's contact information
    1045 Sterling Pl Brooklyn, NY 11213
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1045 Sterling Pl
    Brooklyn, NY 11213
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1045 Sterling Pl Brooklyn, NY 11213
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.