Check Availability
$2,250,000
↓ $100K (4.3%)
House - For Sale

1309 Lincoln Place

Crown Heights, NY 11213
bedrooms
Studio
bathrooms
0 Bath
$12,383
Estimated Monthly
$0
HOA / Fees
0.60%
Cap Rate

About This Property

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
Unit Size
-
Days on Market
229 days
Land Size
0.06 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,334
HOA Dues
-
Year Built
1908
Listed By
Richard Matt Shane
All Island Estates Realty Corp
Last updated: 5 months ago (OneKey MLS #ONE3503961)

Price History

Date / Event Date Event Price
Oct 6, 2023 Price Decreased $2,250,000
↓ $100K (4.3%)
Price Decreased
Sep 12, 2023 Listed by All Island Estates Realty Corp $2,350,000
Listed by All Island Estates Realty Corp
Feb 2, 2022 No longer available -
No longer available
Dec 3, 2021 Price Decreased $2,599,999
↓ $200K (7.1%)
Price Decreased
Oct 21, 2021 Listed by Edge Realty Group $2,799,999
Listed by Edge Realty Group
Very nice 8 Family 4 story building located in Crown Heights. Building consists of 6 free market rental units and 2 rent stabilized units. There are currently 2 vacant free market units, 2L and 4L. The building is well maintained with cozy apartments. Located in close proximity to schools, shopping, bus and subway transportation. separate electric and gas meters for each apartment. DHCR is available. This is a great investment property. Present your highest and best offer that seller can't…
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Property Highlights

Exterior Details

Property Information

Square Footage : 8008
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1908

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.06
Lot Size Square Feet: 2642
Lot Size Dimensions: 26.42x100
Financial Details
Tax Annual Amount: $16,010

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
3 Baths
-
$1,995,000 Jun 26, 2019
$1,995,000 Jul 1, 2019
-
House
Stu
-
-
$2,275,000 May 17, 2021
$2,275,000 Oct 14, 2021
-
Townhouse
Stu
-
-
$2,200,000 Mar 22, 2017
$2,200,000 May 18, 2017
-
Townhouse
Stu
-
-
$1,978,125 Oct 25, 2016
$1,978,125 Feb 13, 2017
-
Townhouse
Stu
-
-
$2,600,000 Nov 2, 2017
$2,600,000 Mar 20, 2018
-
Townhouse
Stu
-
-
$1,900,000 Jun 17, 2016
$1,900,000 Dec 14, 2016
-
Commercial
Loft
-
-
$2,000,000 Jun 25, 2023
-
$632/mo
Commercial
Loft
-
-
$2,800,000 Jun 4, 2023
-
$500/mo
Other
Loft
-
20 ft²
$104,750/ft²
$2,095,000 Feb 15, 2023
-
$935/mo
Other
Loft
-
2,560 ft²
$773/ft²
$1,980,000 Jan 7, 2023
-
$5,991/mo
Other
Loft
-
3,240 ft²
$611/ft²
$1,980,000 Jan 7, 2023
-
$611/mo
Multifamily
Stu
-
3,248 ft²
$739/ft²
$2,400,000 Jun 19, 2022
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20211021
10/21/2021
Loft
-
-
$2,799,999
bedrooms
Loft
bathrooms
-
-
-
-
Glendon Riley
Coldwell Banker American Homes
20190414
04/14/2019
16 Bed
8 Bath
8008 ft²
$3,000,000
bedrooms
16 Bed
bathrooms
8 Bath
square feet
8008 ft²
-
-
-
Helen Challenger
CHALLENGER BROKERS

Building Info

1309 Lincoln Place 1309 Lincoln Place, Brooklyn, NY 11213
  • 8 Units
  • 1 Unit for Sale
More about this Building
1309 Lincoln Place
Want to find out who owns 1309 Lincoln Place, Brooklyn, NY 11213? Get detailed property transactions here .

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