For Sale: Prime Multifamily Building

1251, Lincoln Place, Eastern Parkway, Brooklyn, Kings County, New York, 11213, United States
$899,000

Description

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.

Property Documents

Detail

  • Price: $899,000
  • Building Size: 7308 Sq Ft
  • Lot Size: 3793 Sq FT
  • Bedrooms: 6
  • Year Built: 1908
  • Property Type: Residential
  • Property Status: For Sale
  • Property Tax Amount: $700
  • Block: 01383
  • Lot: 0057
  • Zoning: R6
  • Property Stories: 3
  • Residential Units: 6
  • Annual Income: $88,884
  • Total Expenses: $22,690
  • NOI: $66,194
  • Cap Rate: 7.3%
  • Address: 1251 Lincoln Place
  • City: Brooklyn
  • Zip/Postal Code: 11213
  • Country: United States

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All information furnished here is deemed reliable, however it is submitted subject to errors, omissions, change of terms and conditions, prior sale or withdrawal without notice. We do not represent or guarantee the accuracy of any information contained herein and we are not liable for any reliance there on. Thus any prospective purchaser should independently verify all items deemed relevance to its due diligence enquiry with respect to the property, notwithstanding that the sender believes information be true and/or reasonable.