Contacts
Dov Chein
Ariel Property Advisors
(212) 544-9500 x 28
Victor Sozio
Ariel Property Advisors
(215) 544-9500
Benjamin Vago
Ariel Property Advisors
(212) 544-9500 x 85
Property Details
- Property Type Multi-Family
- Property Size 17,420 SF
- Units 17
- Lot Size 5,750 SF
- # of Floors 4
- Year Built 1910
- Date Updated Jul 26, 2023
Investment Highlights
• The property is located on the north side of Sterling Place, a beautiful landmark block between Brooklyn & Kingston Avenues
• Strong cash flow and performance from healthy occupancy with room for growth
• An opportunity to acquire a 50-foot wide, four-story walk up, 17-unit building with 9 modernized free market units
• The unit mix consists of ten 3 (three) bedroom units & seven 2 (two) bedroom units (three of the units are duplexed with over 1000 SF of backyard space)
• The building has gone through extensive repairs and upgrades consisting of the installation of a new boiler, surveillance camera system and intercom system with key fob access as well as an oil to gas conversion
• Convenient transportation options as the property is located a couple of blocks from the 3, A, & C Trains, and the B43 Bus stop is just around the corner
• Short walk to trendy restaurants, cafes, bars, art galleries, boutique shops, museums, Brower Park & more
• BID DEADLINE: AUGUST 24TH THURSDAY 6PM 2023
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Attachments
Getting around
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87/100
Walk Score ®
-
100/100
Transit Score ®
-
94/100
Bike Score ®
Location
- City Brooklyn, NY
- Neighborhood Crown Heights
- Zip Code 11213
- Market Brooklyn
Points of Interest
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Kingston Avenue
0.23 miles
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Nostrand Avenue
0.39 miles
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President Street–Medgar Evers College
0.46 miles
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Nostrand Avenue
0.47 miles
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Kingston–Throop Avenues
0.54 miles
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Nostrand Avenue
0.64 miles
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Crown Heights–Utica Avenue
0.72 miles
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Park Place
0.74 miles
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Sterling Street
0.74 miles
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Franklin Avenue
0.75 miles
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BP
0.42 miles
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Shell
0.68 miles
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Mobil
0.69 miles
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BP
0.80 miles
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BP
0.82 miles
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Shell
0.89 miles
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Speedy Gas
0.91 miles
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Tesla Supercharger
1.01 miles
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Sunoco
1.09 miles
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BP
1.14 miles
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The Brooklyn Museum and Botanic Garden
1.08 miles
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Kings County Parking Garage
1.12 miles
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Underhill Garage
1.19 miles
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Cielo Garage
1.36 miles
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Rapid Park
1.46 miles
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Garfield Garage
1.76 miles
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Car Park Systems
1.99 miles
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Ultra Car Park Systems
2.06 miles
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Havens Place Lot
2.12 miles
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Edison ParkFast
2.53 miles
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The Brooklyn Riviera Hostel
0.38 miles
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Best Western
0.47 miles
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La Quinta
0.55 miles
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The Brooklyn Hotel
0.59 miles
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Neptune Hotel
1.70 miles
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Broadway Hotel
1.71 miles
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Surface Inn
1.84 miles
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Brooklyn Vybe Hotel, Ascend Hotel Collection
1.98 miles
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hull
2.04 miles
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Union Hotel
2.11 miles
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Mercy Land Religious & Beauty
0.33 miles
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MET
0.33 miles
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Shop Fair Supermarket
0.41 miles
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Wholesome Farm Market
0.50 miles
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Super Foodtown Of Bed-Stuy
0.53 miles
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Brooklyn Born Mini Market
0.54 miles
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Bravo
0.62 miles
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Fine Fare
0.63 miles
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Ideal Food Basket
0.66 miles
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Food Garden Market
0.71 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
