1489 STERLING Place #1B
About This Property
Introducing 1489 Sterling Place, a brand-new collection of 8 spacious homes with unique details and high-end finishes. This pristine condominium is the latest project by the Katani Development Group, an experienced builder behind some of the most coveted boutiques in central Brooklyn. Residents enjoy some of the best price points in historic Crown Heights without sacrificing space or quality. The building has a lovely entryway with layered crown molding, a massive common roof deck, and easy access to lush parks, restaurants, grocery stores, and cafes.
Unit 1B is a gorgeous 1-bedroom home with three walk-in closets and a massive private backyard. Spanning over 700 sq. ft., the backyard is perfect for hosting summer get-togethers and cherishing the rare indoor/outdoor city lifestyle for personal enjoyment. Natural light pours through tall windows, accentuating beautiful hardwood floors, an open-concept layout, and high ceilings with recessed lighting. The kitchen is adorned with white lacquer cabinets and sleek quartz countertops and backsplashes with warm gray and tan veins, and high-end appliances including a built-in Samsung microwave, Frigidaire dishwasher, Haier refrigerator, and Samsung wi-fi-connected smart convection range with Alexa-voice-activation, glass-touch controls, and self-clean and steaming functions. The luxurious bathroom is lined with glossy black porcelain tile with silver and gold detailing, built-in vanity storage, high-end matte black light and water fixtures.
1489 Sterling Place is only a couple of blocks from the Brooklyn Public Library and is close to St. John's Park, Brower Park, Weeksville Heritage Center, Brooklyn Children's Museum, and Arthur S. Somers Park. There are dozens of eateries and shops sprinkled throughout the neighborhood, and the A/C/3/4 subway lines facilitate quick commutes to Prospect Park, Brooklyn Botanic Garden, and Downtown Manhattan.
For full ask offers, for a limited time only. The complete offering terms are in the Offering Plan, which is available from Sponsor. File No. CD22-0096.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 7, 2024 | No longer available | - | |
No longer available | |||
Feb 6, 2024 | Delisted | - | |
Delisted | |||
Mar 27, 2023 | Listed by Serhant LLC | $599,000 | |
Listed by Serhant LLC | |||
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Sponsor Offering: 2 Years of OP Tax and Common Charges! Ask us
about interest rates in the 5%s for this building! Introducing 1489
Sterling Place, a brand-new collection of 8 spacious homes with
unique details and high-end finishes. This pristine condominium is
the latest project by the Katani Development Group, an experienced
builder behind some of the most coveted boutiques in central
Brooklyn. Residents enjoy some of the best price points in historic
Crown Heights without sacrificing…
|
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/15/2023
|
1 Bed
|
1 Bath
|
-
|
$499,000
1 Bed
1 Bath
|
-
-
|
-
|
Ryan Serhant
SERHANT.
|
|
03/27/2023
|
1 Bed
|
1 Bath
|
-
|
$599,000
1 Bed
1 Bath
|
-
-
|
-
|
Ryan Serhant
SERHANT.
|
|
03/27/2023
|
1 Bed
|
1 Bath
|
591 ft²
|
$519,000
1 Bed
1 Bath
591 ft²
|
$519,000
07/14/2023
|
-
|
Mallory Bogard
Serhant
|
|
03/27/2023
|
Studio
|
1 Bath
|
451 ft²
|
$399,000
Studio
1 Bath
451 ft²
|
$387,000
-3.01%
09/22/2023
|
-
|
Mallory Bogard
Serhant
|
|
01/19/2023
|
2 Bed
|
2 Bath
|
914 ft²
|
$799,000
2 Bed
2 Bath
914 ft²
|
$710,000
-11.14%
09/19/2023
|
-
|
Mallory Bogard
Serhant
|
|
01/19/2023
|
1 Bed
|
1 Bath
|
586 ft²
|
$509,000
1 Bed
1 Bath
586 ft²
|
$509,000
07/19/2023
|
-
|
Mallory Bogard
Serhant
|
|
01/19/2023
|
1 Bed
|
1 Bath
|
591 ft²
|
$489,000
1 Bed
1 Bath
591 ft²
|
$489,000
07/19/2023
|
-
|
Mallory Bogard
Serhant
|
|
12/06/2022
|
1 Bed
|
1 Bath
|
586 ft²
|
$540,000
1 Bed
1 Bath
586 ft²
|
$530,000
-1.85%
07/27/2023
|
-
|
Mallory Bogard
Serhant
|