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Map
$2,250,000
↓ $100K (4.3%)
●
House -
For Sale
1309 Lincoln Place
Crown Heights, NY 11213
Studio
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
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…
|
Show More
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
Location Details
Directions: Schenectady Avenue to Lincoln Place
County or Parish: Brooklyn
Other Details
On Market Date: 2023-09-12
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
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 |
---|---|---|---|---|---|---|---|---|
10/21/2021
|
|
Loft
|
-
|
-
|
$2,799,999
Loft
-
|
-
-
|
-
|
Glendon Riley
Coldwell Banker American Homes
|
04/14/2019
|
|
16 Bed
|
8 Bath
|
8008 ft²
|
$3,000,000
16 Bed
8 Bath
8008 ft²
|
-
-
|
-
|
Helen Challenger
CHALLENGER BROKERS
|
Building Info
1309 Lincoln Place
1309 Lincoln Place, Brooklyn, NY 11213
- 8 Units
- 1 Unit for Sale