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160 STERLING PLACE

 

Prime Park Slope Investment Building- 8 Family - High Rent Roll - Great Condition turn-key building 

Introducing 160 Sterling Place, a beautiful four-story brownstone building nestled between Prospect Park, 7th Avenue and Flatbush Avenue shopping, restaurants and subways in a classic North Park Slope location. Each petite one bedroom or studio is nicely renovated with high ceilings, pretty views and good light. This building has been maintained in excellent condition with recent roof, boiler and a pristine brownstone exterior. A nice-sized building at 21.75' wide X 45' long with a large backyard and a full basement with 7' ceilings. 4 fair market and 4 rent stabilized units with very good rents bring in a total rent roll over $171,000/yr. Strong 5.32% cap rate with excellent upside potential and underlying asset.

Lot: 21.75’ X 100’
Building: 21.75’ X 45
Total Sq. ft. – 3941 plus full basement
FAR: 3 Total Buildable: 6525