1337 Sterling Place, Crown Heights, Brooklyn | Development | $2,600,000

Home/Investment Sales/Exclusive Investment Sales/1337 Sterling Place, Crown Heights, Brooklyn | Development | $2,600,000

1337 Sterling Place, Crown Heights, Brooklyn | Development | $2,600,000

$2,600,000.00

Offering Memorandum

Details

  • Stalled development site in the Crown Heights neighborhood of Brooklyn.
  • Property has approved plans for eight condos.
  • Units consist of 5 2BR/2BA, 2 – 3BR/3BA and a studio.
  • Projected condo sellout $835-$850 per foot. ($6,100,000+)
  • Demolition, foundation, excavation, shoring, etc. was completed.
  • Approximately $1,600,000 remaining from original $2,200,000 budget to complete.
  • Progress report and budget available upon request.
  • Block/Lot: 1371/56
  • Lot Size: 3,720 SF (30′ x 126.67”)
  • Building Size: 3,192 SF (20′ x 52′)
  • Number of Units: 2
  • Stories: 2
  • Zoning: R6
  • F.A.R (As Built): 2.43 (0.86)
  • Total Buildable: 9,040 SF +/-
  • Cross Streets: Troy Avenue & Schenectady Avenue
  • Year Built: 1899
  • The asking price is set at $2,600,000 ~ please speak to exclusive agent for more details

Additional Information

Asset Type

Development

City

Brooklyn

Neighborhood

Crown Heights

Broker

Sadya Liberow

Price

$2,600,000

Map

 

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