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  • $2,100,000

    1115 Sterling Pl UNIT 1, Brooklyn, NY 11213

    6beds
    3,900sqft
    Mixed Use
    Built in 1899
    -- sqft lot
    $-- Zestimate®
    $538/sqft
    $-- HOA

    What's special

    Commercial spacesOversized three bedroom apartmentsParking garage
    Andrew Parker of RESI BK has been retained to facilitate the sale of this Prime Crown Heights VALUE ADD to the right investor. This three story brick building totaling 3,900sqft on a 20 x 80 lot with a parking garage, features two grossly oversized three bedroom apartments each 1,300sqft. Two commercial spaces one rented and the other vacant. All rents are all under market with tremendous upside potential. Monthly Income: $2,350.00 Apt 1 $2,500.00 Apt 2 $2,500.00 Store 1 $1,700.00 Store 2 (Projected) (Vacant) $9,050.00 Total Monthly Income x 12 $108,600.00 Annual Gross Income Annual Operating Expenses (Excluding Mortgage) $3,800.00 Fuel Oil (Annual) $1,200.00 Gas $3,600.00 Water $1,080.00 Electric $1,080.00 Vivint Security $4,950.00 Property Tax $15,710.00 Total Operating Expenses $108,600.00 Annual Gross Income $15,710.00 Total Operating Expenses $92,890.00 NET INCOME /$2.1M PRICE = 4.4% Cap Rate Blocks to Eastern Parkway Brooklyn museum, Botanical Gardens and Prospect Park, Enjoy the nights in bars and restaurants in Crown heights, Bed-Stuy and Fort Greene. Minutes to NYC from Utica Ave train station. Great Location - Owner motivated to sell - Submit all offers - Come to take a look
    91 days
    on Zillow
    |
    185
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 21, 2025 at 06:35pm

    Listing by:

    RESI BK 516-474-1981,

    Andrew Parker

    Source: StreetEasy,MLS#: S1764787
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1115 Sterling Pl UNIT 1.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Interior area
    • Total structure area: 3,900
    • Total interior livable area: 3,900 sqft

    Property

    Details
    • Special conditions: Resale

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Mixed Use
    Condition
    • Year built: 1899

    Community & HOA

    Community
    • Subdivision: Crown Heights
    HOA
    • Services included: Maintenance
    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $538/sqft
    • Date on market: 5/21/2025
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