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Crown Heights Renewed 6 Unit Free Market 1277 Lincoln Pl 6 Unit Apartment Building $5,500,000 ($916,667/Unit) Brooklyn, NY 11213
EXECUTIVE SUMMARY
Investor Opportunity: 1277 Lincoln Place, Brooklyn, NY 11213
6-Unit Multifamily | Free-Market | Fully Gut Renovated
Asking Price: $5,500,000.00
Exclusive Listing Broker Valerie Sebbag | 917-623-6331 | ValerieSebbag555@gmail.com
The Opportunity
Turnkey Asset: Completely gut renovated and delivered ready for immediate occupancy.
Free-Market: All six units are not stabilized and not rent controlled, allowing you to capture maximum market rents from day one.
Building & Unit Layout
Spacious Units: Six large 4-Bedroom / 1-Bathroom apartments.
Efficient Floorplan: Two units per floor, providing a sense of privacy and ease of access.
Total Renovation: Brand new bathrooms, flooring, and windows throughout the entire building.
Modern Systems & Amenities
Kitchens: High-end rental appeal featuring sleek modern cabinetry, marble countertops, and full-sized stainless steel appliances.
Climate Control: Central heating and cooling in every unit for year-round tenant comfort.
New Infrastructure: All-new plumbing and new electrical systems installed building-wide.
Tech & Access: Integrated intercom monitor system with dedicated displays for each apartment.
Basement: Fully finished with tile floors, a separate entrance, new mechanical systems, and washer/dryer hookups for tenant use.
Exterior & Location
Parking & Yard: Includes a front parking space and a large backyard.
Prime Crown Heights: Situated just 1 block from the 3 & 4 Express Trains at Utica Ave.
Neighborhood Asset: Conveniently located across from New Bridges Elementary.
Property Data
Building Size: 28.5' x 87' (7,308 SF)
Lot Size: 28.5' x 133.08'
Annual Taxes: $16,561.04
Exclusive Listing Broker Valerie Sebbag | 917-623-6331 | ValerieSebbag555@gmail.com
6-Unit Multifamily | Free-Market | Fully Gut Renovated
Asking Price: $5,500,000.00
Exclusive Listing Broker Valerie Sebbag | 917-623-6331 | ValerieSebbag555@gmail.com
The Opportunity
Turnkey Asset: Completely gut renovated and delivered ready for immediate occupancy.
Free-Market: All six units are not stabilized and not rent controlled, allowing you to capture maximum market rents from day one.
Building & Unit Layout
Spacious Units: Six large 4-Bedroom / 1-Bathroom apartments.
Efficient Floorplan: Two units per floor, providing a sense of privacy and ease of access.
Total Renovation: Brand new bathrooms, flooring, and windows throughout the entire building.
Modern Systems & Amenities
Kitchens: High-end rental appeal featuring sleek modern cabinetry, marble countertops, and full-sized stainless steel appliances.
Climate Control: Central heating and cooling in every unit for year-round tenant comfort.
New Infrastructure: All-new plumbing and new electrical systems installed building-wide.
Tech & Access: Integrated intercom monitor system with dedicated displays for each apartment.
Basement: Fully finished with tile floors, a separate entrance, new mechanical systems, and washer/dryer hookups for tenant use.
Exterior & Location
Parking & Yard: Includes a front parking space and a large backyard.
Prime Crown Heights: Situated just 1 block from the 3 & 4 Express Trains at Utica Ave.
Neighborhood Asset: Conveniently located across from New Bridges Elementary.
Property Data
Building Size: 28.5' x 87' (7,308 SF)
Lot Size: 28.5' x 133.08'
Annual Taxes: $16,561.04
Exclusive Listing Broker Valerie Sebbag | 917-623-6331 | ValerieSebbag555@gmail.com
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Oven
- Intercom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 1,000 - 1,200 |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 01383-0049 | Improvements Assessment | $516,150 |
| Land Assessment | $9,450 | Total Assessment | $525,600 |
PROPERTY TAXES
Parcel Number
01383-0049
Land Assessment
$9,450
Improvements Assessment
$516,150
Total Assessment
$525,600
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Crown Heights Renewed 6 Unit Free Market | 1277 Lincoln Pl
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