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Multifamily

1200 Sterling Place

1200 Sterling Pl, Brooklyn, NY 11213

Listing Price: $1,850,000

Cap Rate
4.50%
Number of Units
11
Price/Unit
$168,182
Price/Gross SF
$180.59
Gross SF
10,244

Investment Overview

The New York Multifamily team at Marcus and Millichap is pleased to present 11 unit corner building in Crown Heights located at 1200 Sterling Place. The property is a 4 story building consisting of two 3 bedroom 2 bath apartments six 2 bedroom apartments and three 1 bedroom apartments. With 10,244 square feet and below average rents, the opportunity will allow an investor to purchase a building with very replaceable rents and purchase below replacement cost at the basis of $181 per existing square foot.

Investment Highlights

  • 11 Apartments
  • Corner Building
  • Tax Class 2B
  • Prime Crown Heights Location
  • Close Proximity to 2/3/4 Train Lines

Exclusively Listed By

Multifamily

1200 Sterling Place

Listing Price: $1,850,000

Cap Rate
4.50%
Number of Units
11
Price/Unit
$168,182
Price/Gross SF
$180.59
Gross SF
10,244

Investment Highlights

  • 11 Apartments
  • Corner Building
  • Tax Class 2B
  • Prime Crown Heights Location
  • Close Proximity to 2/3/4 Train Lines

Investment Overview

The New York Multifamily team at Marcus and Millichap is pleased to present 11 unit corner building in Crown Heights located at 1200 Sterling Place. The property is a 4 story building consisting of two 3 bedroom 2 bath apartments six 2 bedroom apartments and three 1 bedroom apartments. With 10,244 square feet and below average rents, the opportunity will allow an investor to purchase a building with very replaceable rents and purchase below replacement cost at the basis of $181 per existing square foot.

Exclusively Listed By

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