Impeccably maintained and loved, this 4 story/ 4 unit brownstone is located in prime Park Slope. A wonderful opportunity for both investors and end users alike. Currently partially occupied with leases ending soon. The recently renovated 1BR plus sunroom garden unit is outfitted with its own washer/ dryer, HVAC, and has access to a beautifully landscaped garden. The Parlor floor boasts high ceilings, is flooded with sunlight and has many original details throughout including a gorgeous pier mirror. The 2nd floor 2BR unit has a lovely renovated bathroom and the 3rd floor is configured as a 3BR with skylights.
This property is perfect for those looking to live in Park Slope while making income to offset their mortgage. Convert it to a sprawling triplex with the garden rental, or a duplex with two rentals. Investors looking to keep a rental property maximizing their return can keep this building as is. Plumbing, electrical, roof, facade, windows, and finishes are all up to date. Approx 2000 sq ft of additional FAR!
For investors, there is currently a 4% cap rate- but with just a touch of upgrading in the units that percentage will increase! This is a building fully turn key and ready to go.
149 Sterling Place is situated within walking distance of the hot restaurant scene in Prospect Heights, the entertainment and conveniences of the Barclays Center and the brownstone beauty of Park Slope. A short walk will take you to Prospect Park giving you or your tenants access to the peace and serenity in this natural oasis throughout all seasons. Let's not forget the many transportation options surrounding this incredible home....B,Q,2,3,4,5, the LIRR and multiple bus routes.
Some of the nearby neighborhood hotspots include - Rosewater, Olmsted, Fausto, Ample Hills, BKLYN Larder, Milk Bar, Hungry Ghost, the Park Slope Food Coop, Whole Foods 365, to name a few. Opportunity awaits.