1115 Sterling Pl Unit 1, Brooklyn, NY 11213

Andrew Parker of RESI BK has been retained to facilitate the sale of this Prime Crown Heights VALUE ADD to the right investor. This three-story brick building totaling 3,900sqft on a 20 x 80 lot with a parking garage, features two grossly oversized three-bedroom apartments each 1,300sqft. Two commercial spaces one rented and the other vacant. All rents are all under market with tremendous upside potential. RESIDENTIAL UNITS WILL BE DELIVERED VACANT Monthly Income: $2,350.00 Apt 1 - delivered vacant $2,500.00 Apt 2 - delivered vacant $2,500.00 Store 1 (occupied) $1,700.00 Store 2 (Projected) (Vacant) $9,050.00 Total Monthly Income x 12 $108,600.00 Annual Gross Income Annual Operating Expenses (Excluding Mortgage) $3,800.00 Fuel Oil (Annual) $1,200.00 Gas $3,600.00 Water $1,080.00 Electric $1,080.00 Vivint Security $4,950.00 Property Tax $15,710.00 Total Operating Expenses $108,600.00 Annual Gross Income $15,710.00 Total Operating Expenses $92,890.00 NET INCOME /$1.857M PRICE = 5% Cap Rate Blocks to Eastern Parkway Brooklyn Museum, Botanical Gardens and Prospect Park, Enjoy the nights in bars and restaurants in Crown heights, Bed-Stuy and Fort Greene. Minutes to NYC from Utica Ave train station. Great Location - Owner motivated to sell - Submit all offers - Come to take a look