Updated 6 years ago
Off Market
149 Sterling Place
Park Slope, Brooklyn | 7th Ave & Flatbush Ave
11 Rooms7 Beds4 Baths3,276 Square FeetMulti-Family
$2,995,000
floors / apts4 / 4
Lot Size18'x90'
Built Size18'x45'
ZoneR7B
Building TypeTownhouse
RE Taxes$17,208
Price Per SF
$914
Listing Features
- Original Details
Building Amenities
- Voice Intercom
Property Description for 149 Sterling Place
Impeccably maintained and loved, this 4 story/ 4 unit brownstone is located in prime Park Slope. A wonderful opportunity for both investors and end users alike. Currently partially occupied with leases ending soon. The recently renovated 1BR plus sunroom garden unit is outfitted with its own washer/ dryer, HVAC, and has access to a beautifully landscaped garden. The Parlor floor boasts high ceilings, is flooded with sunlight and has many original details throughout including a gorgeous pier mirror. The 2nd floor 2BR unit has a lovely renovated bathroom and the 3rd floor is configured as a 3BR with skylights.
This property is perfect for those looking to live in Park Slope while making income to offset their mortgage. Convert it to a sprawling triplex with the garden rental, or a duplex with two rentals. Investors looking to keep a rental property maximizing their return can keep this building as is. Plumbing, electrical, roof, facade, windows, and finishes are all up to date. Approx 2000 sq ft of additional FAR!
For investors, there is currently a 4% cap rate- but with just a touch of upgrading in the units that percentage will increase! This is a building fully turn key and ready to go.
149 Sterling Place is situated within walking distance of the hot restaurant scene in Prospect Heights, the entertainment and conveniences of the Barclays Center and the brownstone beauty of Park Slope. A short walk will take you to Prospect Park giving you or your tenants access to the peace and serenity in this natural oasis throughout all seasons. Let's not forget the many transportation options surrounding this incredible home....B,Q,2,3,4,5, the LIRR and multiple bus routes.
Some of the nearby neighborhood hotspots include - Rosewater, Olmsted, Fausto, Ample Hills, BKLYN Larder, Milk Bar, Hungry Ghost, the Park Slope Food Coop, Whole Foods 365, to name a few. Opportunity awaits.
This property is perfect for those looking to live in Park Slope while making income to offset their mortgage. Convert it to a sprawling triplex with the garden rental, or a duplex with two rentals. Investors looking to keep a rental property maximizing their return can keep this building as is. Plumbing, electrical, roof, facade, windows, and finishes are all up to date. Approx 2000 sq ft of additional FAR!
For investors, there is currently a 4% cap rate- but with just a touch of upgrading in the units that percentage will increase! This is a building fully turn key and ready to go.
149 Sterling Place is situated within walking distance of the hot restaurant scene in Prospect Heights, the entertainment and conveniences of the Barclays Center and the brownstone beauty of Park Slope. A short walk will take you to Prospect Park giving you or your tenants access to the peace and serenity in this natural oasis throughout all seasons. Let's not forget the many transportation options surrounding this incredible home....B,Q,2,3,4,5, the LIRR and multiple bus routes.
Some of the nearby neighborhood hotspots include - Rosewater, Olmsted, Fausto, Ample Hills, BKLYN Larder, Milk Bar, Hungry Ghost, the Park Slope Food Coop, Whole Foods 365, to name a few. Opportunity awaits.
Listing History for 149 Sterling Place
Now
05/08/2020
POM by Beth Doran
Compass
03/30/2020
Contract Signed by Beth Doran
Compass
Building Details for 149 Sterling Place
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/4
Transit and Citi Bike
Subway
7 Av
0.04 miles
Grand Army Plaza
0.17 miles
Bergen St
0.28 miles
Railroad
Atlantic TerminalLong Island Rail Road
0.47 miles
Citi Bike
7 Ave & Park Pl
0.04 miles
Park Pl & Carlton Ave
0.05 miles
Park Slope | Brooklyn
Quick Profile
Boasting beautiful tree-lined streets, brownstones and a range of activities for all age groups, Park Slope is consistently ranked as one of New York’s most desirable neighborhoods. Filled with lush parks and greenery, the neighborhood is also known for its rare combination of excellent public schools, award-winning restaurants, nightlife, small independently owned businesses and community gardens.
Situated at the western slope of Prospect Park, the neighborhood is divided into different sections: North Slope, Center Slope and South Slope. Depending on who you ask, of course, the definitions of where these borders end and begin may vary (is the divide between North and Center deemed Union Street, Garfield Place, 1st Street or 3rd Street? The one between Center and South 6th Street, 9th Street, 11th Street or 15th Street?).
Regardless of what part of the Slope you find yourself on, there’s no shortage of architectural beauty. From row houses to brownstones to mansions, the idyllic setting of the neighborhood is further enhanced by its Romanesque and Renaissance Revival styles. Case in point of this is also two of the area’s most well-known churches, Park Slope United Methodist Church and Saint Augustine Roman Catholic Church.
Revered for its family-friendly appeal, Park Slope is often regarded as one of the best places to raise a family in New York City. That said, it doesn’t mean that parents don’t know how to have a good time... a slew of bars constantly opening in the neighborhood ranging from the high-end cocktail saloon to the dive (well, by Park Slope standards, anyway).
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: 75635TH
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