Commercial For Sale - Multi Family
$3,999,000
20 BA

Size

Baths
20
Stories
4
Interior
17,276 Sq Ft
Exterior
6,026 Sq Ft

Financial

Price
$3,999,000
Annual Taxes
$128,094

Listing Details

Sale or Lease
Sale
Year Built
1906

Description

685 Sterling Place, Brooklyn, NY 11216

Rare opportunity to acquire a 20-unit brick apartment building located on the border of Crown Heights and Prospect Heights, two of Brooklyn's most sought-after neighborhoods. This 4-story walk-up consists of 6 four-bedroom units, 8 three-bedroom units, 2 one-bedroom units, and 4 studio apartments. The current rent roll includes 12 rent-stabilized units, 1 rent-controlled/contract unit, and 7 free-market units, offering a blend of stable cash flow and future upside. The property is self-managed and features large apartment layouts that remain in high demand. Conveniently located near public transportation, shopping, restaurants, Prospect Park, and the Brooklyn Museum. An exceptional opportunity to own a well-positioned multifamily asset in one of Brooklyn's strongest rental markets.

Features

  • 200+ Amp Service
  • Brick
  • Gas Oven
  • Natural Gas
  • Public Sewer
  • Refrigerator
685 Sterling Place, Brooklyn, NY 11216

Listing Office: Revolution Realty Group