1661 STERLING PLACE

Elite ListingMultifamily BrooklynCrown Heights

$1,225,000

Price

-%

Cap Rate

4

Units

Contact Agent

NOI


Property located at 1661 STERLING PLACEIc expand

Asset CRG Advisors, LLC has been exclusively retained to market 1661 Sterling Place, Brooklyn, NY 11233, a multi-family building for sale in the Crown Heights neighborhood of Brooklyn. The building is situated on a 3,180 square foot lot. The building spans a total of 3,280 square feet and has a total buildable square footage of 6,996.

The property is ideal for redevelopment or for owner/user with additional income. This beautiful brick building features 4 free-market apartments with minimal operating expenses. One apartment is currently vacant and the other three apartments are month-to-month.
The property is prime for redeveloped to an 8-10 unit building with the additional 3,716 sqft of unused air rights.

The property is located between Buffalo Avenue & Ralph Avenue.

Property Details

Block/Lot:1375/63
Lot Dimensions 25.0 x 127.75
Lot Area3,194 sq.ft
Zoning: R6
FAR as Built:1.0
Max FAR:4.8

Exclusive Agent

Sadya Liberow

AssetCRG

Contact AgentView Setup

Sales & Transactions

AddressNeighborhoodBuilding ClassSale PriceSale Date
1030 CARROLL STREETCROWN HEIGHTSD1$18,400,00007/24/2018
686 PARK PLACECROWN HEIGHTSC0$2,355,00007/20/2018
1138 BERGEN STREETCROWN HEIGHTSC0$2,240,00007/19/2018
186 NEW YORK AVENUECROWN HEIGHTSC5$2,270,00007/19/2018
88 UTICA AVENUECROWN HEIGHTSC0$999,99907/19/2018
1308 PACIFIC STREETCROWN HEIGHTSC2$2,072,50007/09/2018
1969 PACIFIC STREETCROWN HEIGHTSC0$810,00007/06/2018
1260 PROSPECT PLACECROWN HEIGHTSC0$999,66707/05/2018
1314 STERLING PLACECROWN HEIGHTSC2$1,100,00006/22/2018
826 CROWN STREETCROWN HEIGHTSD1$11,450,00006/22/2018