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Active - Mixed Use for sale

1309 Lincoln Place, Crown Heights, NY 11213, Brooklyn, NY

8,008 sqft

Facts & features

Mixed Use Property type
1086 days on Beycome
1908 Year built
$281 Price/Sqft.
2,642 sqft Lot size

Why you’ll love it

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

Translating description...

Listed by: Richard Matt Shane • matthewshane8828@gmail.com • All Island Estates Realty Corp

Co-listed by: All Island Estates Realty Corp

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Affordability

$1,465,000$3,040,000
1%20%
0%90%
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Estimated monthly payment

$12,711/mo

  • Mortgage$11,377
  • Property tax$1,334
  • HOA fee
  • Homeowners insurance
Due at closing$1,788,750
Down payment held in escrow$450,000
Closing costs$33,750
beycome credit Est.$45,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

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Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.

$2,250,000 Listed price

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$45,000 Credit back

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