1337 Sterling Place, Brooklyn, NY
$1,099,900
Misc
For Sale
Details
ML#: 898688
- Business Type: Commercial, Multi-Family
- Taxes: $11,079
- Status:Active
- Foreclose:Yes
Description
Exceptional development opportunity on a 3, 720 sq ft lot (30’ x 126.67’) with R6 zoning, allowing for flexible multifamily construction subject to DOB and zoning approval. Previously approved plans (per DOB) called for an 8-unit, 8, 595 sq ft building with four stories plus a penthouse—ideal for condo sellout or rental income (subject to approval). Some structural work has already been completed, including demolition, excavation, foundation, and early-stage steel framing up to the second floor, subject to inspection and verification. Located in a rapidly growing pocket of Crown Heights with strong market fundamentals and new developments nearby, this site offers a rare chance to enter into a partially completed project with significant upside.
More Property Details
Lot Size: 0.09
Lot Sq Ft: 3720
Sewer: Other
Taxes: $11,079
School District: New Bridges Elementary School
Block: 1371
Lot: 56
Listing Information provided courtesy of
Douglas Elliman Real Estate
631-877-8989