Description

Stunning Fully Renovated Four-Family Gem in Crown Heights
Welcome to 1661 Sterling Place, an exceptional investment opportunity in the heart of Crown Heights. This massive 20.5 x 80ft fully leased building rests on an oversized 25 x 127.75ft lot, offering ample space and incredible potential. With 4,500 sqft of unused FAR, the possibilities are endless for future expansion or customization.
Property Highlights:
- Prime Location: Nestled in the vibrant neighborhood of Crown Heights, this property is conveniently located near shops, restaurants, parks, and transportation options, ensuring an excellent quality of life for tenants.
- Massive Building: The 20.5 x 80ft building boasts spacious interiors, providing comfortable living spaces for all residents.
- Generous Lot Size: The oversized 25 x 127.75ft lot allows for potential outdoor amenities or additional development.
- Lucrative FAR: With 4,500 sqft of unused Floor Area Ratio, you have the opportunity to maximize your investment with future expansion, additional units, or amenities.
- Fully Leased: All four units are currently leased, guaranteeing immediate income and a hassle-free investment.
- Unit Configuration: This property offers three spacious two-bedroom units and one three-bedroom unit, catering to various tenant needs.
- Basement Amenities: The basement provides convenient storage for all apartments and features a common laundry area, enhancing tenant satisfaction and reducing operating costs.
Investor's Dream:
1661 Sterling Place offers a fantastic investment opportunity in a sought-after Brooklyn neighborhood. Whether you're looking to expand, generate rental income, or secure your financial future, this property presents endless possibilities. Don't miss your chance to own this fully renovated, fully leased, four-family gem with significant unused FAR. Act fast, as properties like this are rarely available in today's market.
Contact us today to schedule a viewing and explore the potential of 1661 Sterling Place!
Listing courtesy of Corcoran Group ...
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