564-566 Sterling Place « Brooklynian

Brooklynian » Forum » Crown Heights and Prospect Lefferts Gardens »

564-566 Sterling Place

Share this!

eastbloc
comprador bourgeois
Joined: Jul '09
Posts: 903

This is the pair of presumably ex-parish multi-fams that has recently undergone renovation. I'm seeing Myspace marketing them as two-beds @ $2600. I sent a friend over and from what he said the two-bed is maybe 600-700 square feet with a sliding door separating the ostensible living room into a second bedroom.

Now, I haven't been there, but if the story checks out, that makes them $3.85-$4.33/square foot -- a fair bit above a prime Park Slope rental!

Has anyone been to one of these units? What's the story there?

# Posted 1 yr ago
samuelcole
rookie newb
Joined: Jul '09
Posts: 17

I went. Way over priced, and insane that they can get away calling those things two bedrooms.

It does sound like they're going to add a lot of yuppie 'features', though.

# Posted 1 yr ago
brooklynian
senior admin
Joined: Feb '12
Posts: 242

Looks like a total of 16 units:
http://www.loopnet.com/Listing/17127112/564-566-Sterling-Place-Brooklyn-NY/

# Posted 1 yr ago
eastbloc
comprador bourgeois
Joined: Jul '09
Posts: 903

http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=2&passjobnumber=320324136&passdocnumber=01

5700 square feet of residential is what they were approved for after the extensions were put in. That's 712 square feet per apartment, not factoring in things like walls and hallways, or $3.65/square foot or more.

Amazing.

# Posted 1 yr ago
whynot_31
Former Lurker
Joined: Mar '06
Posts: 16,113

So, how quickly do we think they fill?

Small, two BR apts just off Franklin for $2600. New appliances.

For better or worse, the change on Nostrand is going to make the change on Franklin look minor.

# Posted 1 yr ago
eastbloc
comprador bourgeois
Joined: Jul '09
Posts: 903

They'll fill it no problem but for maybe $2000 each. The reno isn't done yet, and they're not losing anything by testing the waters with that asking price.

# Posted 1 yr ago
whynot_31
Former Lurker
Joined: Mar '06
Posts: 16,113

Do you know if this building was vacant before the Reno?

Or, was it vacated to do the Reno?

I'm just trying get a sense of how many of these bldgs weren't used at all before the current real estate boom.

For better or worse, the change on Nostrand is going to make the change on Franklin look minor.

# Posted 1 yr ago
whynot_31
Former Lurker
Joined: Mar '06
Posts: 16,113

I answered my own question: These buildings were long vacant while the church figured out what to do with them.

An ad for the properties on Myspace:
http://myspacenyc.com/luxury-2br/

For better or worse, the change on Nostrand is going to make the change on Franklin look minor.

# Posted 1 yr ago
eastbloc
comprador bourgeois
Joined: Jul '09
Posts: 903

Yes, they were long vacant, along with the building next door which is also being renovated. Further up the block, our townhouse and the one next door were also vacant for years before we moved in. So that makes five vacant, unused buildings on this stretch of Sterling alone that have been put back to market in the last two years.

For what it's worth, I know of at least three buildings on the block that were occupied when renovation began. For one of those, I know some residents were relocated for the duration of construction and given the option to continue their lease at their previous rent (which was subject to rent control).

# Posted 1 yr ago

RSS feed for this topic

Welcome! Please log in to post, or register a new account!

Brooklynian

Brooklynian » Forum » Crown Heights and Prospect Lefferts Gardens »

564-566 Sterling Place

Brooklynian » Neighborhood Message Boards » Crown Heights and Prospect Lefferts Gardens

Brooklinks

Members Online