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1314 Sterling Pl Brooklyn, NY 11213

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For Sale
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Six-unit apartment building, prime Brooklyn location. High occupancy.

Property Features for 1314 Sterling Pl

General Information

Property type
Multifamily properties

Building Details

Stories
3
Units
6

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Listing Contact
Yaron Bedid
Yaron Bedid

Listing Agency: MNI Ventures - Intelligence Listing Agent: Yaron Bedid

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a well-maintained, three-story multifamily building located at 1314 Sterling Place in the desirable Brooklyn, New York neighborhood, zip code 11213. The property boasts six rent-stabilized units, currently enjoying 100% occupancy, generating a substantial annual rental income of $87,152.16. The building itself measures 26 x 77 feet, situated on a generous 26.33 x 120.25-foot lot. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $55,187.16, translating to an attractive 4.41% capitalization rate. Annual expenses are carefully managed and include real estate taxes ($10,765), water frontage fees ($6,200), insurance ($2,800), electricity ($1,200), and oil expenses ($11,000), totaling $31,965. This well-positioned property offers a compelling return on investment in a prime Brooklyn location, making it an ideal addition to any portfolio. The asking price for this exceptional multifamily asset is $1,250,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

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Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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Location Insight

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  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9351325
Latitude
40.6715002

FAQs

What type of property is this?
Multifamily property - Six-unit apartment building, prime Brooklyn location. High occupancy.
Where is this multifamily property located?
The property is located at 1314 Sterling Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime Brooklyn location at 1314 Sterling Place, zip code 11213.; Six rent-stabilized units, 100% occupancy, generating $87,152.16 annual rental income.; 26 x 77 ft building on a 26.33 x 120.25 ft lot.
(917) 885-4575 Call to check price and availability
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