1309 Lincoln Place
Brooklyn, NY, 11213 $ 2,250,000
Baths0.0 Sq 2,642 Monthly Estimate*
$ 15,717
Studio
for $2,250,000. This 2,642 square foot building was built in 1908 on a lot size of 0.06.
Calling All Investors, Developers, & End-Users!!! 100% Occupied 8 Unit Apartment Building In Crown Heights For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong R6/C1-3 Zoning, 6 Parking Spaces, High Ceilings, Separate Meters, Low Property Taxes, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Crown Heights In Between Atlantic Ave. & Eastern Pkwy.!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children's Museum & The Prospect Park Zoo!!! Neighbors Include UPS, The Home Depot, Dunkin', CubeSmart Self Storage, Walgreens, AutoZone, Planet Fitness, Blink Fitness, GameStop, Baskin-Robbins, Mobil, McDonald's, Mavis Discount Tire, Family Dollar, Wendy's, White Castle, KFC, +++!!! This Property Offers HUGE Upside Potential!!! Income: Unit 1R (2 Br. Apt.): $28,656 Ann. M-M. Unit 1L (2 Br. Apt.): $16,620 Ann. M-M. Unit 2R (2 Br. Apt.): $28,200 Ann. Unit 2L (2 Br. Apt.): $28,200 Ann. Unit 3R (2 Br. Apt.): $28,704 Ann. Unit 3L (2 Br. Apt.): $20,700 Ann. Unit 4R (2 Br. Apt.): $27,600 Ann. Unit 4L (2 Br. Apt.): $28,200 Ann. Gross Income: $206,880 Ann. Expenses: Gas : $5,000 Ann. (Heat + Hot Water Only For Entire Building) Electric: $720 Ann. Water + Sewer: $5,000 Ann. Insurance: $6,000 Ann. Taxes: $16,010.16 Ann. Total Expenses: $32,730.16 Ann. Net Operating Income (NOI): $174,149.94 (7.74 Cap!!!) , or
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FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
matthewshane8828@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $15,717
- Monthly Property Taxes
- $1,334
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Brooklyn, NY
Average List Price $1,878,584
Percent of Sale Price 17%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
10/6/2023 | $2,250,000 | -4.26% | Price Down |
9/13/2023 | $2,350,000 | | Listed Price |