Marcus & Millichap - Tri Borough Multi-Family

1514 Sterling Place

NY

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Price: $6,300,000
Building Size: 24,416 Square Feet
Property Type: Multi Family
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5234
Matthew.Fotis@marcusmillichap.com
Tyler Workman
Tel: 212-430-1432
Tyler.Workman@marcusmillichap.com
Reid Adams
Tel: 646-805-1481
Reid. Adams @marcusmillichap.com
Property Status: Active
Description:

Marcus & Millichap is pleased to offer 1514 Sterling Place, located between Utica Avenue and Rochester Avenue in the Crown Heights section of Brooklyn, New York.

The subject property, 1514 Sterling Place, is a four-story multi-family building that consists of 15 one-bedroom and 17 two-bedroom apartments. The property is built 78.92 feet by 103.83 feet on the first through fourth
floors and sits on a 78.92 foot by 120.25 foot lot with approximately 24,416 gross square feet. The property is zoned R6 (Block: 1379, Lot: 35)

This property offers investors the rare opportunity to purchase a walk up apartment building in good condition that was renovated in the last 20 years with an attractive unit mix and a low average rent in the Crown
Heights section of Brooklyn, NY.