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
Active
$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
- 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
Tour with a buyer's agent
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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