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347 Lincoln Road 347 Lincoln Rd 8 Unit Apartment Building $2,450,000 ($306,250/Unit) 7.30% Cap Rate Brooklyn, NY 11225
Executive Summary
WELCOME TO 347 LINCOLN ROAD IN BEAUTIFUL PROSPECT HEIGHTS. THIS AMAZING 8 FAMILY HAS 4 RENTED APARTMENTS AND 4 VACANT. THE HOME HAS BEEN UPDATED.
THIS AMAZING 8 FAMILY HAS 8 4 BEDROOM APARTMENTS, THE TOTAL RENTROLL NOI IS 142,414.00
THIS AMAZING PROPERTY CAN MAKE A FANTASTIC CONDO CONVERSION .
THIS AMAZING 8 FAMILY HAS 8 4 BEDROOM APARTMENTS, THE TOTAL RENTROLL NOI IS 142,414.00
THIS AMAZING PROPERTY CAN MAKE A FANTASTIC CONDO CONVERSION .
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$196,520
|
$15.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$196,520
|
$15.28
|
| Taxes |
$2,351,000
|
$182.79
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,351,000
|
$182.79
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $196,520 |
| Annual Per SF | $15.28 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $196,520 |
| Annual Per SF | $15.28 |
| Taxes | |
|---|---|
| Annual | $2,351,000 |
| Annual Per SF | $182.79 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,351,000 |
| Annual Per SF | $182.79 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,450,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $306,250 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.30% | Building Size | 12,862 SF |
| No. Units | 8 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1909 |
| Zoning | R6 - R6 is a medium-density residential zoning district. | ||
| Price | $2,450,000 |
| Price Per Unit | $306,250 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 12,862 SF |
| Average Occupancy | 50% |
| No. Stories | 4 |
| Year Built | 1909 |
| Zoning | R6 - R6 is a medium-density residential zoning district. |
Amenities
Site Amenities
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 8 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01329-0051 | Total Assessment | $933,750 |
| Land Assessment | $8,100 | Annual Taxes | $2,351,000 ($182.79/SF) |
| Improvements Assessment | $925,650 | Tax Year | 2025 |
Property Taxes
Parcel Number
01329-0051
Land Assessment
$8,100
Improvements Assessment
$925,650
Total Assessment
$933,750
Annual Taxes
$2,351,000 ($182.79/SF)
Tax Year
2025
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347 Lincoln Road | 347 Lincoln Rd
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