2 months on rocket

1262 Sterling, Crown Heights, NY, 11213

$1,988,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
3 Full Baths
House
Schools Nearby

Location

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1262 Sterling, New York$1,988,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOff Site
Year Built1899
HeatingElectric, Hot Water
MLS #3529313
Lot Size0.05 Acres
StatusActive
(A)

About 1262 Sterling

Calling All Investors, Developers, & End-Users!!! Brand New 100% Occupied 3 Unit Free Market Apartment Building In Crown Heights For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong R6/C1-3 Zoning, 6 Parking Spaces, High 8' Ceilings, Separate Meters, Gated Yard, Low Property Taxes, Motion Sensor Lights, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of Crown Heights 2 Blocks From Eastern Parkway!!! The Property Was Fully Renovated In 2023!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children's Museum & The Prospect Park Zoo!!! Neighbors Include USPS, UPS, The Home Depot, Dunkin', CubeSmart Self Storage, Walgreens, AutoZone, Bank Of America, Planet Fitness, Blink Fitness, GameStop, Baskin-Robbins, Mobil, McDonald's, Mavis Discount Tire, Family Dollar, Wendy's, White Castle, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (3Br. Apt.): $38,400 Ann. Lease Exp.: 9/1/24. Unit 2 (2 Br. Apt.): $30,000 Ann. Lease Exp.: 7/1/24. Unit 3 (2 Br. Apt.): $30,000 Ann. Lease Exp.: 7/1/24. Gross Income: $98,400 Ann. Expenses: Gas: $0 (Electric Only) Electric: $360 Ann. (Hallway Only) Water + Sewer: $1,250 Ann. Insurance: $2,500 Ann. Taxes: $3,841.68 Ann. Total Expenses: $7,951.68 Ann. Net Operating Income (NOI): $90,448.32 Ann.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1899

Listing Office:

  • Office Name: All Island Estates Realty Corp
  • Office Phone: (516) 783-5600

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Off Site

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Electric, Hot Water

Other

Directions Information:

  • Directions: Troy Avenue To Sterling

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,988,000
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$845.4K

Med. Price/SqFt

$636

Avg. Days On Market

96

# of Sold Homes

1548

1262 Sterling vs New York

85 DAYS ON ROCKET

-11 Days

$1,988,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #3529313

Listing Office:

  • Office Name: All Island Estates Realty Corp
  • Office Phone: (516) 783-5600

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/28/2024, 8:11:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$9,990

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,027

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2061887
6
/10

  • New Bridges Elementary School

  • 1025 Eastern Pkwy

  • 0.20 miles

  • Public District Grades PK-2

school-card-donut-2061888
7
/10

  • Success Academy Charter School-Crown Heights

  • 1025 Eastern Pkwy

  • 0.20 miles

  • Public Charter Grades KG-1

school-card-donut-2061889
2
/10

  • PS 243 The Weeksville School

  • 1580 Dean St

  • 0.31 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,458. Typical income of New York, NY residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1262 Sterling

What is the listing price of this property?

The listing price of 1262 Sterling property is $1,988,000.

What type of property is this?

The property 1262 Sterling is a house located in Crown Heights, New York, 11213.

Is this property for sale now?

Active Listing: 1262 Sterling is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1262 Sterling has 7 bedrooms and 3 bathrooms.

Which year was this property built?

The year of construction for 1262 Sterling is 1899.

Rocket Homes›New York›Kings County›New York›11213›1262 Sterling

This home is located at 1262 Sterling in Crown Heights, NY and zip code 11213 in the Central Brooklyn neighborhood. This home, which was built in 1899, sits on a 0.05 acre lot. Features: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 02, 2024 and is currently priced at $1,988,000.

Over 154 listings were sold over their listed price in March 2024 in New York, NY. In the same period over 748 listings were sold below the listed price and 645 listings were sold for the listed price. The number of homes for sale in New York, NY increased by 3.7% between February 2024 and March 2024. In March 2024, listings were on the market for 96 days. During the same period, the median list price in this real estate market was $845,489.

From Rocket Homes Real Estate and based on county public records data.

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