402 Sterling Place, Brooklyn (Prospect Heights), NY, 11238 | $4,725,000

Perfectly situated on an iconic, tree-lined block in Prospect Heights, this distinguished two-family home is a rare gem, meticulously maintained and brimming with historic details and tasteful modern upgrades. Configured as an elegant upper triplex over a lovely garden-level duplex rental, it can easily be converted into a magnificent single-family residence. This landmarked beauty is a testament to timeless craftsmanship, measuring 20 feet wide by 50 feet deep on an extra-deep 123-foot lot. The stunning limestone facade is adorned with carved moldings, frieze panels, and decorative medallions. The timeless interiors feature original oak parquet floors with mahogany inlay, soaring ceilings, immaculate woodwork, and functioning original pocket doors. The gracious entryway sets the tone with wooden arches topped with carved filigree. The spacious living room, infused with light through three tall bay windows, boasts an impressive cherrywood pier mirror and intricate wooden fretwork. The dining room’s unique wall of stained-glass paneling brings light into the heart of the house. Through pocket doors, a stunning modern chef’s kitchen awaits, offering ample cabinetry, a Wolf range, a vented hood, a decorative mantle, and a breakfast nook overlooking the leafy backyard. A door leads to a deck with space for a small table and stairs down to the garden. A powder room completes the parlor floor. The second floor hosts a grand primary suite with four large windows, a magnificent mantle, and a turn-of-the-century pass-through dressing area with immaculate bird’s-eye maple and a private marble sink. A full bath and a second spacious bedroom with a beautiful mantle, oak closets, and another marble sink complete the floor. The top floor offers two large bedrooms with lovely mantles, a small bedroom, a full bath, and a kitchenette with a full-sized washer and dryer. Solar panels on the roof help keep electricity costs low. The beautiful garden-level one-bedroom, one-bath duplex rental has its own private entrance under the stoop. The large living room showcases historic details, including a stately mantle, while the generously sized, newly renovated eat-in kitchen boasts abundant storage, counter space, a dishwasher, and access to the garden. The lower level features a washer/dryer, a recreation room, and storage. The extra-deep backyard is a serene, urban oasis, with a bluestone seating area and vibrant, abundant plantings. The garden has been lovingly planned to provide multi-season interest, with viburnums, owl juniper, Japanese anemones, and more. Two river birch trees and a Japanese maple provide shade. The irrigation system makes upkeep a breeze. Steps from some of the most celebrated food and drink in the city, including Radio Bakery, Gold Star, and Olmstead, and minutes from the 2/3/4/B/Q/S trains, Grand Army Plaza, Prospect Park, the Brooklyn Museum, and all the shops on Vanderbilt and Underhill Avenues.

Features

  • Town: Brooklyn
  • Rooms: 10
  • Laundry: SeeRemarks
  • Year Built: 1910
  • Cooling: Unknown Type
  • Building Access : Walk-up
  • Service Level: None
  • Built Size: 20'x50'
  • OLR#: COMP1799417729471632
  • Days on Market: 48 days
  • Website: https://www.raveis.com
    /prop/COMP1799417729471632/402sterlingplace_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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402 Sterling Place, Brooklyn (Prospect Heights), NY, 11238

$4,725,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,780,000 $3,780,000 $3,780,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.663% 6.637% 6.309%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $21,760 $23,892 $32,154
Total Monthly Payment $21,885 $24,017 $32,279

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.