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

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Getting around

87/100
Walk Score ®
100/100
Transit Score ®
94/100
Bike Score ®

Powered by Walk Score ®

Location

City Brooklyn, NY
Neighborhood Crown Heights
Zip Code 11213
Market Brooklyn

Points of Interest

Kingston Avenue

0.23 miles
Nostrand Avenue Station Entrance

0.43 miles
Kingston–Throop Avenues

0.54 miles
Crown Heights–Utica Avenue

0.72 miles
Franklin Avenue

0.75 miles
Norwood Car & Limo

0.88 miles
Eastern Parkway - Brooklyn Museum

1.06 miles
Eastern Parkway–Brooklyn Museum

1.07 miles
International Car Service

1.13 miles
Bedford–Nostrand Avenues

1.29 miles

Xpress Lane

0.38 miles
BP

0.42 miles
Mobil

0.62 miles
Shell

0.66 miles
Speedy Gas

0.91 miles
Amoco

0.96 miles
Tesla Supercharger

1.01 miles
Revel

1.89 miles
EVgo

2.08 miles
plugNYC

2.08 miles

The Brooklyn Museum and Botanic Garden

1.08 miles
Kings County Parking Garage

1.12 miles
Underhill Garage

1.19 miles
Cielo Garage

1.36 miles
Rapid Park

1.46 miles
Garfield Garage

1.76 miles
Car Park Systems

1.99 miles
Ultra Car Park Systems

2.06 miles
Havens Place Lot

2.12 miles
School bus parking

2.43 miles

Mirage Brooklyn

0.38 miles
The Brooklyn Riviera Hostel

0.38 miles
La Quinta

0.55 miles
The Brooklyn Hotel

0.59 miles
Illumination Bed & Breakfast

1.42 miles
Artel 535

1.61 miles
Holiday Inn Express

1.62 miles
Days Inn

1.63 miles
Marina Hotel

1.70 miles
Surface Inn

1.84 miles

MET

0.33 miles
Key Food Urban Market

0.35 miles
Shop Fair Supermarket

0.41 miles
Wholesome Farms Market

0.50 miles
Super Foodtown Of Bed-Stuy

0.53 miles
Union Market

0.58 miles
Bravo

0.62 miles
Fine Fare

0.63 miles
Ideal Food Basket

0.66 miles
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.