1314 Sterling Pl
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1314 Sterling Pl
6 Unit Apartment Building $1,250,000 ($208,333/Unit) 4.41% Cap Rate Brooklyn, NY 11213
Investment Highlights
- 6 Unit Multi-family Building in Brooklyn - ** Priced to SELL
Executive Summary
3- Story Multi-family Building, 6 Units. Building- 26 X 77, Lot- 26.33 X 120.25.
Priced to Sell.
All are Rent Stabilized Apts
TOTAL MONTHLY RENT: $7,262.68
TOTAL ANNUAL RENT: $87,152.16
EXPENSES:
Real Estate Taxes : $ 10,765
Water - Frontage: $ 6,200
Insurance: $ 2,800
Electric: $ 1,200
Oil- $ 11,000
Total Expense: $ 31,965.00
NOI: $ 55,187.16
Price: $1,250,000
Fully occupied
Priced to Sell.
All are Rent Stabilized Apts
TOTAL MONTHLY RENT: $7,262.68
TOTAL ANNUAL RENT: $87,152.16
EXPENSES:
Real Estate Taxes : $ 10,765
Water - Frontage: $ 6,200
Insurance: $ 2,800
Electric: $ 1,200
Oil- $ 11,000
Total Expense: $ 31,965.00
NOI: $ 55,187.16
Price: $1,250,000
Fully occupied
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$87,152
|
$17.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$87,152
|
$17.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$31,965
|
$6.33
|
| Net Operating Income |
$55,187
|
$10.93
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $87,152 |
| Annual Per SF | $17.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $87,152 |
| Annual Per SF | $17.27 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $31,965 |
| Annual Per SF | $6.33 |
| Net Operating Income | |
|---|---|
| Annual | $55,187 |
| Annual Per SF | $10.93 |
Property Facts
| Price | $1,250,000 | Apartment Style | Low Rise |
| Price Per Unit | $208,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 4.41% | Building Size | 5,047 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Price | $1,250,000 |
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| Cap Rate | 4.41% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,047 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 715 |
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Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 01377-0018 | Improvements Assessment | $487,800 (2024) |
| Land Assessment | $8,100 (2024) | Total Assessment | $495,900 (2024) |
PROPERTY TAXES
Parcel Number
01377-0018
Land Assessment
$8,100 (2024)
Improvements Assessment
$487,800 (2024)
Total Assessment
$495,900 (2024)
zoning
| Zoning Code | R6 (Residential Multi-Family) |
| R6 (Residential Multi-Family) |
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1314 Sterling Pl
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