608 Sterling Pl
Brooklyn, NY 11238 (Crown Heights)
Contact For Estimate

608 Sterling Pl
Brooklyn, NY 11238

(Crown Heights)
  • 3,300 sqft
  • 2,620 sqft lot size
  • Multi-Family
Off Market · Public Record
Contact For Estimate
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  • 33 Elementary Schools

    22 Middle Schools

    5 High Schools

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  • High crime relative to the rest of Kings county.

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  • 13% of residents commute by car.

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  • 541 Restaurants

    91 Grocery stores

    120 Nightlife

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Off Market · Public Record

Home Details

Overview
  • Multi-Family
  • Built in 2004
  • 2,620 sqft lot size
  • 3,300 sqft
Description

This property is no longer available to rent or buy. This description is from May 15, 2014
Live or Invest! Three family, three story townhouse, with a projected rent roll of $110K a year for a 9% cap rate. Alternatively you can live in the ground floor garden apartment and earn $72,000 a year. Built in 2004 on a deep, 20x131 foot lot, the building measures 20x55 or 3,300 square feet. There is also an additional 1940 square feet buildable to expand the building higher or further back. The building is in the 10th year of a 25 year tax-abatement. Tenants pay electric, gas, and heat.Located in Prime Crown Heights, a half a block from the Franklin Avenue commercial district and three blocks to the 2,3,4,5, and shuttle trains.

Price History
Date
Price
Event

08/13/2014
$1,445,000
Sold
Recording Date
08/13/2014
Contract Date
08/05/2014
Sale Price
$1,445,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
N/A
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

05/11/2000
$4,500
Sold
Recording Date
05/11/2000
Contract Date
11/16/1999
Sale Price
$4,500
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
$16
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

Property Taxes and Assessment
Year
2016
Tax
$931.36
Assessments
$54,853
Land
$15,104
Improvements
$39,749
Total
$54,853
Market Value
N/A

Affordability
Additional Costs

Price Trends
Real Estate Trends
Average Listing Price for 11238
$1,670,150
16% above sold price
Median Sale Price for 11238
$1,150,000
20% below sold price
Average Sale price/sqft for 11238
$1,071/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
2.05
Multi-Family
$1,800,000
09/21/17
-
-
2,820
4.17
Multi-Family
$1,550,000
09/28/17
-
-
3,420
0.67
Multi-Family
$1,860,000
10/05/17
-
-
3,432
1.18
Multi-Family
$2,005,000
10/02/17
-
-
3,236
4.27
Multi-Family
$1,653,000
09/29/17
-
-
4,640
0.89
Multi-Family
$2,125,000
10/02/17
-
-
2,268
1.31
Multi-Family
$1,825,000
09/18/17
-
-
2,790
3.41
Multi-Family
$1,635,000
09/28/17
-
-
2,380
1.59
Multi-Family
$1,900,000
10/03/17
-
-
2,466
1.03
Multi-Family
$2,200,000
09/18/17
-
-
2,400
Home Estimates
Address Property Type Bed Bath Sqft
Condo
-
-
605
Multi-Family
-
-
4,654
Condo
-
-
976
Multi-Family
-
-
2,220
Multi-Family
-
-
2,996
Multi-Family
-
-
2,248
Condo
-
-
1,298
Multi-Family
-
-
2,955
Condo
-
-
1,003
Single-Family Home
-
-
1,954

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