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SOLD: Prime Multifamily Building

SOLD: Prime Multifamily Building

SOLD: Prime Multifamily Building
Price
899000
Address
1251 Lincoln Place
Map Address
1251 Lincoln Place, Brooklyn, New York, 11213
Zip/Postal Code
11213
Country
US
Location
Brooklyn
Status
Sold
Property Type
Residential
Building Size
7308 Sq Ft
Lot Size
3793 Sq FT
Zoning
R6
Block
01383
Lot
0057
Property Tax Amount
$700
Annual Income
$88,884
Total Expenses
$22,690
NOI
$66,194
Cap Rate
7.3%
Year Built
1908
Stories
3
Residential Units
6
Commercial Units
0
As Exclusive Brokers, ERG Commercial Real Estate is pleased to present 1251 Lincoln Place, a prime multifamily building located just off of Eastern Parkway in the Crown Heights neighborhood of Brooklyn. The fully occupied cashing flowing property consists of 6 large one bedroom apartments totaling 7,308 square feet with 28.5 feet of Frontage. The property currently has 7 years remaining on its J-51  tax abatement.  The building is a just one block away from the 2, 3, 4 train subway station.