1332 STERLING PL Brooklyn NY 11213-2864

Level Group has been retained on an Exclusive basis to arrange for the sale of 1332 Sterling Place, a three-story, six-unit multifamily building in Crown Heights Brooklyn. This attractive limestone and brick building offers six, renovated floor-through units featuring hardwood floors, high ceilings and updated appliances. Window wells at the middle and rear of the building add an abundance of light in each unit. The building is conveniently located just three blocks to the Utica Avenue Express 3 and 4 trains with service to Manhattan in under 20 minutes.

Investment features include a high cap rate, stable income and a purchase price per square foot that is well below replacement value, particularly for a building of this quality. Additional income is possible by adding storage units and/or laundry in the spacious full basement. A pending vacancy in the building offers an owner user the opportunity to live rent free, including the possibility of creating access to either the large backyard or the walk up roof deck, neither of which is currently being utilized, or duplexing the basement space to create an enormous owner's duplex with backyard access.

• ** LOW PPSF (WELL BELOW REPLACEMENT VALUE)

• ** HIGH CAP RATE & STABLE INCOME

• ** CLASS 2A PROTECTED FROM SIGNIFICANT TAX INCREASES

• ** RENOVATED UNITS WITH HARDWOOD FLOORS

• ** ATTRACTIVE LIMESTONE & BRICK BUILDING

• ** ADDL' INCOME BY ADDING STORAGE/LAUNDRY

• ** OWNER/USER OPPORTUNITY (PENDING VACANCY)

• ** 3 BLOCKS TO UTICA AVE EXPRESS SUBWAY

• ** 2 BLOCKS TO BEAUTIFUL ST. JOHNS PARK