$1,857,000

Apartment for sale Brooklyn
Property photo number 1 of 2 Photos for Property. File  95346124_5_e93ed0b0f7942c961ff34f244c71a05e.jpeg

Overview

SUMMARY: Discover an opportunity with this Brooklyn apartment for sale and available for $1,857,000. This could be your next ideal home or a smart investment. More details await.
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.RESIDENTIAL UNITS WILL BE DELIVERED VACANTMonthly Income:$2,350.00 Apt 1 - delivered vacant$2,500.00 Apt 2 - delivered vacant$2,500.00 Store 1 (occupied)$1,700.00 Store 2 (Projected) (Vacant)$9,050.00 Total Monthly Income x 12$108,600.00 Annual Gross IncomeAnnual 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 /$1.857M PRICE = 5% Cap RateBlocks 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

1115 Sterling Place #1 Brooklyn NY 11213

6 bedroom apartment for sale

  • Beds: 6
  • Baths:  2
  • Price: $1,857,000
  • Open House: -
  • Reference No.: aparker_1042

Amenities

  • Home
    • Hardwood
    • High Ceilings

Location

1115 Sterling Place #1 Brooklyn NY 11213

6 bedroom apartment for sale

< Apartment Brooklyn

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This Apartment for sale is located at 1115 Sterling Place Brooklyn NY 11213. The home has 6 Bedroom and 2 Bathrooms. This 6 bedroom Apartment in Brooklyn NY is for sale for $1,857,000 .

Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.


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