This is a strong investment opportunity in one of the hottest neighborhoods in Brooklyn. 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. 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.
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.