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

1262 Sterling Place

Crown Heights, NY 11213
bedrooms
Studio
bathrooms
0 Bath
$9,762
Estimated Monthly
$0
HOA / Fees

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
173 days
Land Size
0.05 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1899
Listed By
Richard Matt Shane
All Island Estates Realty Corp
Last updated: 3 months ago (OneKey MLS #ONE3515411)

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
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…
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

Exterior Details

Property Information

Square Footage : 6800
Property Type: Business Opportunity
Property Sub Type: Mixed Use

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.05
Lot Size Square Feet: 1990
Lot Size Dimensions: 18x110.58
Location Details
Directions: Troy Ave to Sterling Place
County or Parish: Brooklyn

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$1,900,000 Jun 17, 2016
$1,900,000 Dec 14, 2016
-
Townhouse
Stu
-
-
$2,200,000 Mar 22, 2017
$2,200,000 May 18, 2017
-
Townhouse
Stu
-
-
$1,745,000 Apr 4, 2014
$1,745,000 Sep 15, 2016
-
Townhouse
Stu
-
3,700 ft²
$447/ft²
$1,655,000 Jul 18, 2016
$1,655,000 Dec 16, 2016
-
Townhouse
Stu
-
-
$1,599,000 Aug 23, 2019
$1,599,000 Jan 23, 2020
-
Townhouse
Stu
-
2,720 ft²
$563/ft²
$1,530,000 Jun 18, 2018
$1,530,000 Oct 3, 2018
-
House
Stu
-
-
$2,250,000 Sep 12, 2023
-
$1,334/mo
Multifamily
Stu
-
3,248 ft²
$670/ft²
$2,175,000 Jun 19, 2022
-
$642/mo
Multifamily
Stu
-
3,248 ft²
$670/ft²
$2,175,000 Jun 19, 2022
-
$730/mo
Multifamily
Stu
-
5,600 ft²
$411/ft²
$2,300,000 Jan 12, 2023
-
$6,232/mo
House
7 Beds
3 Baths
-
$1,988,000 Feb 2, 2024
-
$320/mo
Other
Loft
-
3,240 ft²
$611/ft²
$1,980,000 Jan 7, 2023
-
$611/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

1262 Sterling Place 1262 Sterling Place, Brooklyn, NY 11213
  • 2 Units
  • 2 Units for Sale
More about this Building
1262 Sterling Place
Want to find out who owns 1262 Sterling Place, Brooklyn, NY 11213? Get detailed property transactions here .

About Central Brooklyn


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