Contact For Estimate
632 Sterling Pl
Brooklyn, NY 11238 (Crown Heights)
Off Market · Public Record
Contact For Estimate

632 Sterling Pl Brooklyn, NY 11238

(Crown Heights)
  • 5,970 sqft
  • 3,537 sqft lot size
  • Multi-Family
See 4 photos
  • See the local terrain and how close this home is to parks and main streets.

    View More

  • Take a virtual walk around the neighborhood.

    View More

  • Moderate crime relative to the rest of Kings county.

    View More

  • 27 Elementary Schools

    11 Middle Schools

    5 High Schools

    View More

Property Details for 632 Sterling Pl


This property is no longer available to rent or buy. This description is from September 10, 2015
Strong investment opportunity in one of the hottest neighborhoods in Brooklyn. Located on the Franklin Avenue corridor, right near the 2,3,4,5, & S subway lines. Plans filed to convert this into a 10 unit building. High cap rate. Once every so often, an investment opportunity comes up, offering a chance to buy into a neighborhood that is quickly becoming the most exciting place to be. Surrounded by rows of brownstones and tree lined streets, 632 Sterling Place is located right off Franklin Avenue, which is home to some of the hippest restaurants, cafes and shops in Brooklyn. Well known ...hot spots include the Breukelen Coffee Bar, Chavelas for brunch, Barboncino for artisanal Neapolitan style pizza, and a brand new Starbucks a few blocks away. This building, consisting of 7 units, includes a studio, a one bedroom, and 5 three bedroom apartments. The apartments are in good condition. There is also a spacious basement and very large backyard with a fresh vegetable garden. Five of the units will be delivered vacant, the other 2 are in the process of moving out. Plans were filed (approval pending) to convert this into a 10 unit building comprised of 4 one bedrooms, 1 two bedroom, & 5 three bedrooms. Seven of the ten units will have private outdoor space. This is a great opportunity for rentals or a condo conversion. Condos in the neighborhood are selling for over $900psf. Centrally located in the heart of flourishing Crown Heights, and a short distance from Prospect Park, the Brooklyn Museum of Art, Brooklyn Botanical Gardens, the Children?s Museum and the Prospect Park Zoo. The building is located only moments away from Manhattan via the 2, 3, 4, 5 & S subway lines at the nearby Franklin Avenue stop. This building offers an amazing investment opportunity. The potential for growth and a strong rent roll are quickly becoming realized as this area is becoming the hottest new social scene in Brooklyn. Contact us today to arrange a private showing.
Show more

632 Sterling Pl Public Records


Official property, sales, and tax information from county (public) records as of 12/2016:
    • Apartment house (5+ units)
    • Built In 1906
    • 1 Building
    • 5,970 sqft
    • Stories: 3 story
    • County: Kings
    • Lot Size: 3,537 sqft
    • 7 Units
See businesses, amenities, and crimes near this home

Additional Costs For 632 Sterling Pl


Property Taxes and Assessment of 632 Sterling Pl


Land
Improvement
Total
$1,332
+
$66,242
=
$67,574
Land
Improvement
Total
$19,000
+
$945,000
=
$964,000
Year Tax Assessment Market
2016 $8,706 $67,574  $964,000 
Source: Public Records

Price History & Trends


Price History for 632 Sterling Pl


Date Event Price Source Agents
04/13/2015 Sold view detail $2,050,000 Public records Public records  
  • Recording Date
    04/13/2015
  • Contract Date
    03/23/2015
  • Sale Price
    $2,050,000
  • Price Type
    Full amount stated on Document.
  • City Transfer Tax
    $0
  • County Transfer Tax
    $0
  • Total Transfer Tax
    $0
  • Transaction Type
    Insured Non-Residential Grant Deed
  • Document Type
    Deed

Real Estate Trends in this area

Median sale price for all homes in this area $892,254 0% below listing price

Sold Homes near 632 Sterling Pl


Address Distance Property Type Sold price Sold date Bed Bath Sqft
479 Macon St, Brooklyn NY 1.49 Multi-Family $950,000 07/25/17 - - 2,451
8 E 95th St, Brooklyn NY 1.70 Multi-Family $785,000 07/21/17 - - 3,300
101 Greene Ave, Brooklyn NY 1.08 Multi-Family $2,785,000 08/09/17 - - 2,556
1446 Carroll St, Brooklyn NY 1.02 Multi-Family $1,070,500 08/08/17 - - 2,920
319 Lewis Ave, Brooklyn NY 1.43 Multi-Family $1,540,000 07/21/17 - - 2,646
525 Quincy St, Brooklyn NY 1.47 Multi-Family $1,589,000 08/03/17 - - 2,800
409 2nd St, Brooklyn NY 1.21 Multi-Family $3,150,000 08/09/17 - - 2,980
410 Midwood St, Brooklyn NY 1.06 Multi-Family $772,000 07/27/17 - - 3,280
639 Macon St, Brooklyn NY 1.85 Multi-Family $2,315,000 07/25/17 - - 3,600
1473 Dean St, Brooklyn NY 0.99 Multi-Family $1,285,000 08/03/17 - - 1,568