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691 Sterling Pl
Score
75
Brooklyn, NY

691 Sterling Pl

2.0M
5 bd • 3 ba • 2,711 sf

This analysis was generated on 6/14/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$1,999,995
+39%vs 11216
Price/Sq.Ft
$738
-27%vs 11216
Above Fair Value
2.6% above range

Current Price

$1,999,995

Fair Range

$1,850,000 - $1,950,000

$1,999,995
Below Market-20%
Above Market+20%

Negotiation Leverage

3 points to consider in your offer

Recommended Offer

$1,950,000
Success Probability:High(75%)

AI Rationale

The offer reflects the necessary renovations and market conditions. The property's desirable location and features are balanced against the required investments and market dynamics.

Overall Score
75
69
Home Condition
70
Natural Light
82
Value
72
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Damaged Hardwood Floors
Damaged Hardwood Floors

Damaged Hardwood Floors

Floors show significant wear and damage, requiring refinishing or replacement.

Outdated Kitchen
Outdated Kitchen

Outdated Kitchen

Kitchen cabinets are outdated and show wear. Appliances are basic and likely old.

Dated Bathroom
Dated Bathroom

Dated Bathroom

Bathroom fixtures and tiles are dated and in need of replacement.

Old Radiator Heating
Old Radiator Heating

Old Radiator Heating

Radiator heating system is old and may be inefficient. Consider upgrading to a more modern system.

Small Kitchen (3rd Floor)
Small Kitchen (3rd Floor)

Small Kitchen (3rd Floor)

The kitchen on the 3rd floor is significantly smaller (5'10" x 10') compared to the 1st floor (17'3" x 13'9"), potentially limiting functionality.

Old Boiler System
Old Boiler System

Old Boiler System

The floor plans indicate a boiler in the cellar, suggesting an older heating system that may be less efficient.

Concrete Backyard
Concrete Backyard

Concrete Backyard

The backyard is mostly concrete and lacks landscaping.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$23,000

Kitchen Renovation

$15,000
High

Bathroom Renovation

$8,000
High

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Oct
2004
$0Cash Purchase
October 28, 2004
From:Gallaway,Mary E
To:Mary E Galloway
Quit Claim Deed
Transfer

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$1,999,995
-30%List: $1,999,995+30%
20%
$399,999of $1,999,995
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $8,400/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$531,899
Closing Costs
+$131,900
Down Payment
$399,999
Buyer Agent Fee
$51,000
Loan Fees
$16,000
Title & Escrow
$12,000
Inspections
$900
Transfer Tax
$22,000
Prepaid Expenses
$30,000

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Buyer Power
Market Speed
14 days
vs 50 day average
This home has been listed for 14 days, while homes in this area typically sell in 50 days
Inventory Health
74
homes for sale
12 homes sold last month, indicating 6.2x more supply than demand
Price Dynamics
98.8%
of asking price
Homes typically sell for 1.2% below asking price

Price Trajectory

$1,700,000
Current median price
+9.8%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is stable
Prices are up 0.9% over the last 3 months
3 Months
+0.9%
6 Months
+21.4%
1 Year
+9.8%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market increasing 81.6% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$1,700,000
3 Months Ago
$899,000
+89.1%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,999,995
Price/sqft
$738
Layout
5 bd3 ba
Days on market
14 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$2,004,167

0.2%

Your price is 0.2% below average

Median Price

$1,825,000

9.6%

Based on 6 recent sales

Price per Sq.Ft

$773

4.6%

Your price is 4.6% below average $/sqft

Comparable Properties

98 Albany Avenue, New York City, NY 11213
Price: $1,250,000
Sq.Ft: 2,500
Beds/Baths: 5/3
$/Sq.Ft:
$50032.2%
Sale Date: 1/25/2025
596 Eastern Parkway, Brooklyn, NY 11225
Price: $1,700,000
Sq.Ft: 3,207
Beds/Baths: 6/3
$/Sq.Ft:
$53028.1%
Sale Date: 2/27/2025
258 Sterling Street, New York City, NY 11225
Price: $1,950,000
Sq.Ft: 2,400
Beds/Baths: 4/2
$/Sq.Ft:
$81310.1%
Sale Date: 4/10/2025
281 PARK Place, New York City, NY 11238
Price: $3,600,000
Sq.Ft: 2,373
Beds/Baths: 4/4
$/Sq.Ft:
$1,517105.6%
Sale Date: 3/3/2025
306 Halsey Street, New York City, NY 11216
Price: $1,700,000
Sq.Ft: 2,880
Beds/Baths: N/A/N/A
$/Sq.Ft:
$59020.0%
Sale Date: 1/28/2025
139 Quincy Street, Brooklyn, NY 11216
Price: $1,825,000
Sq.Ft: 2,660
Beds/Baths: 4/2
$/Sq.Ft:
$6867.0%
Sale Date: 12/20/2024

Schools

Details about nearby schools in this area

Neighborhood Mobility

How easily you can get around with or without a car

Scores are out of 100. Higher scores indicate better accessibility. Data provided by Walk Score®.

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 3 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Thoroughly inspect the original oak wood floors for signs of cupping, warping, or excessive wear, especially under rugs or in high-traffic areas.

Test all windows for smooth operation, proper sealing, and any signs of drafts or condensation between panes.

Inspect the cellar for signs of water intrusion, mold, or structural issues, paying close attention to the foundation walls and floor.

Check the radiator heating system for leaks, rust, and proper functionality in all rooms.

Check the roof for any visible signs of damage, such as missing shingles, leaks, or sagging.

Questions to Ask

Important questions to ask during the tour

Can you provide documentation of any past renovations or repairs, including permits and contractor information?

Are there any known issues with the plumbing, electrical, or heating systems that have not been disclosed?

What is the age and condition of the roof, and when was it last inspected or repaired?

Given the moderate flood risk, has the property ever experienced flooding, and what measures have been taken to mitigate future flood damage?

Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.

Property Discussion

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