$1,795,000
Updated 9 years ago
Off Market

709 Sterling Place

Crown Heights, Brooklyn | Franklin Ave & Bedford Ave

20 Rooms10 Beds10 Baths5,700 Square FeetMulti-Family

$1,795,000
floors / apts3 / 3
Lot Size18'x132'
Built Size18'x55'
ZoneR6B
Building TypeHouse
RE Taxes$3,105
Price Per SF
$315

Outdoor space and views

  • Backyard
  • Porch

Property Description for 709 Sterling Place

*Excavation & Underpinning Completed*Back on Market! Welcome to 709 Sterling Place, an incredible opportunity for a savvy investor/developer in prime Crown Heights location. The building is currently 3,960 sq.ft. spanning across three vacant floors with approved plans for a 4 story, 5 unit, luxury condo development maximizing at 5,700 sq.ft with private storage for each home. The heavy lifting has already been completed with excavation, underpinning, as well as a J-51 Tax Abatement ( January 2016) for 18 years.709 Sterling Place is conveniently located between booming Bedford & Franklin Avenue, three blocks to S,2,3,4 & 5 subway lines, as well as numerous shops, restaurants and other amenities Crown Heights has to offer.*The property is a complete shell & plans are available*

Listing History for 709 Sterling Place

Now
11/21/2017
POM by Daniel Kandinov
Corcoran
10/30/2017
$1,795,000 [-$80,000] [4.3%]
Price Drop by Daniel Kandinov
Corcoran

Building Details for 709 Sterling Place

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

Park Pl
0.18 miles
Franklin Av-Medgar Evers College
0.24 miles
Botanic Garden
0.3 miles
Nostrand Av
0.33 miles
President St-Medgar Evers College
0.43 miles

Citi Bike

Sterling Pl & Bedford Ave
0.06 miles
Park Pl & Franklin Ave
0.11 miles

Contact Agents

Contact Agents

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 52546TH