Check Availability
$1,988,000
House - For Sale

1262 Sterling

Crown Heights, NY 11213
bedrooms
7 Beds
bathrooms
3 Baths
$10,082
Estimated Monthly
$0
HOA / Fees
26.97%
Cap Rate

About This Property

Calling All Investors, Developers, & End-Users!!! Brand New 100% Occupied 3 Unit Free Market Apartment Building In Crown Heights For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong R6/C1-3 Zoning, 6 Parking Spaces, High 8' Ceilings, Separate Meters, Gated Yard, Low Property Taxes, Motion Sensor Lights, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of Crown Heights 2 Blocks From Eastern Parkway!!! The Property Was Fully Renovated In 2023!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children's Museum & The Prospect Park Zoo!!! Neighbors Include USPS, UPS, The Home Depot, Dunkin', CubeSmart Self Storage, Walgreens, AutoZone, Bank Of America, Planet Fitness, Blink Fitness, GameStop, Baskin-Robbins, Mobil, McDonald's, Mavis Discount Tire, Family Dollar, Wendy's, White Castle, IHOP,  KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!    Income:   Unit 1 (3Br. Apt.): $38,400 Ann. Lease Exp.: 9/1/24.    Unit 2 (2 Br. Apt.): $30,000 Ann. Lease Exp.: 7/1/24.   Unit 3 (2 Br. Apt.): $30,000 Ann. Lease Exp.: 7/1/24.    Gross Income: $98,400 Ann.    Expenses:   Gas: $0 (Electric Only)   Electric: $360 Ann. (Hallway Only)   Water + Sewer: $1,250 Ann.    Insurance: $2,500 Ann.    Taxes: $3,841.68 Ann.      Total Expenses: $7,951.68 Ann.   Net Operating Income (NOI): $90,448.32 Ann.
Unit Size
-
Days on Market
86 days
Land Size
0.05 acres
Price per sqft
-
Property Type
House
Property Taxes
$320
HOA Dues
-
Year Built
1899
Listed By
Richard Matt Shane
All Island Estates Realty Corp
Last updated: 3 months ago (OneKey MLS #ONE3529313)

Price History

Date / Event Date Event Price
Feb 2, 2024 Listed by All Island Estates Realty Corp $1,988,000
Listed by All Island Estates Realty Corp
Jan 9, 2024 Price Decreased $1,988,000
↓ $262K (11.6%)
Price Decreased
Nov 7, 2023 Listed by All Island Estates Realty Corp $2,250,000
Listed by All Island Estates Realty Corp
May 23, 2018 Sold to Baruch Levy-haim, Mojdeh Le... $996,499
Sold to Baruch Levy-haim, Mojdeh Le...
Jun 19, 2017 Sold to Red Light Inc $540,000
Sold to Red Light Inc
Show More

Property Highlights

Parking Details
Parking Features: Off Site
Interior Details

Bathroom Information

Full Bathrooms: 3

Room 1

Level: First
Type: 2 BR

Room 2

Level: First
Type: Kitchen

Room 3

Level: First
Type: Full Bath

Room Information

Rooms: 10

Basement Information

Basement: None

Building Info

Overview

    General

  • Year Built: 1899
  • Building Count: 1
  • Floor Count: 3
  • Total Unit Count: 2
  • Residential Unit Count: 2
  • Basement Type: 2

    Dimensions

  • Lot Area Sqft: 1,991
  • Lot Size Depth Feet: 111
  • Lot Size Frontage Feet: 18
  • Building Depth: 45
  • Building Frontage: 18
  • Gross Building Area: 2,465

    Building Floor Area

  • Residential Building Floor Area: 2,465

    Floor Area Ratio

  • Built Floor Area Ratio: 1
  • Residential Floor Area Ratio: 2
  • Facilities Floor Area Ratio: 5

Building

  • Building Type: B2
  • Lot Type: 5
  • Land Use: 01
  • Irregular Lot Code: N
  • Proximity Code: 3
  • Extension Code: N

Neighborhood

  • Community District: 308
  • City Council District: 35
  • Police Precinct: 77
  • Fire Company: E234
  • Health Area: 4900
  • Sanitation District Borough: 3
  • Sanitation Subsection: 2B
  • School District: 17

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6
  • Zoning Commercial Overlay 1: C1-3

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 1376
  • Lot: 41
  • Borough Block Lot: 3013760041

    Address

  • Full Address: 1262 Sterling Place
  • Zip Code: 11213

Valuation

    Assessments Valuation

  • Assessed Total Value: $55,800
  • Assessed Land Value: $19,800

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
3 Baths
3,815 ft²
$460/ft²
$1,755,000 Jun 28, 2020
$1,755,000 Jun 14, 2021
-
Townhouse
7 Beds
4 Baths
3,240 ft²
$554/ft²
$1,795,000 Nov 22, 2018
$1,795,000 Apr 22, 2020
-
Townhouse
6 Beds
4 Baths
-
$1,513,000 Apr 6, 2015
$1,513,000 Jul 22, 2015
-
Multifamily
6 Beds
2 Baths
-
$1,875,000 Jul 5, 2023
$1,875,000 Aug 25, 2023
-
House
4 Beds
4 Baths
2,500 ft²
$744/ft²
$1,860,000 Aug 16, 2023
$1,860,000 Jan 11, 2024
$520/mo
Townhouse
6 Beds
7 Baths
-
$1,860,000 Nov 12, 2020
$1,860,000 Jun 24, 2021
-
Multifamily
7 Beds
3 Baths
-
$2,000,000 Jan 22, 2024
-
$505/mo
Multifamily
7 Beds
4 Baths
5,386 ft²
$343/ft²
$1,849,000 Sep 14, 2023
-
$841/mo
Multifamily
7 Beds
3 Baths
-
$1,900,000 Nov 8, 2023
-
$196/mo
Multifamily
7 Beds
4 Baths
2,700 ft²
$778/ft²
$2,100,000 Aug 17, 2023
-
-
Multifamily
7 Beds
3 Baths
-
$1,650,000 Jan 4, 2024
-
$480/mo
Townhouse
6 Beds
3 Baths
3,080 ft²
$649/ft²
$1,999,999 May 26, 2023
-
$4,176/mo

About Central Brooklyn


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Frequently Asked Questions

When was property at 1262 Sterling Place built and last sold?
The property at 1262 Sterling Place was built in 1899 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1262 Sterling Place is $2,007,880.
What are some comparable homes to 1262 Sterling Place?
Homes that are comparable to 1262 Sterling Place include a multifamily property at 874 Park Place, 1168 Eastern Parkway, 373 Mac Donough Street.

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