Eight-Unit Multifamily
347 Lincoln Road Brooklyn, NY 11225
347 Lincoln Road, Brooklyn, NY, 11225
$2,300,000
For Sale
$2,300,000
Eight-family multifamily property with original details and four currently vacant units in Prospect Heights.
Property Size9,600 SF
Price / SF$239.58
Days on Market84
Property Features for 347 Lincoln Road
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1909
Listing agency
Realty Trends Corp
(516) 312-3223
Listed by
Cheryl Rosenthal · License #10311207324
Source
Penrealty
Added: Apr 30 Updated: Jul 17 at 2:32AM Checked: Jul 22 at 5:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Trends Corp
Investment Insights
Based on property information with market context.
347 Lincoln Road is an eight-unit multifamily residence in Prospect Heights, Brooklyn. The property features wonderful original details and is currently operating with four vacant units, offering immediate flexibility for occupancy planning.
The building is positioned close to Prospect Park and nearby shops and dining options. For buyers, the current rent roll is reported at $197,000 annually, with an NOI of approximately $147,000 annually and a stated cap rate of 7.30% after expenses.
With four units available, this home can support multiple strategies based on buyer preference, including taking occupancy in one unit while others remain income-generating, or combining vacant units for larger layouts.
The building is positioned close to Prospect Park and nearby shops and dining options. For buyers, the current rent roll is reported at $197,000 annually, with an NOI of approximately $147,000 annually and a stated cap rate of 7.30% after expenses.
With four units available, this home can support multiple strategies based on buyer preference, including taking occupancy in one unit while others remain income-generating, or combining vacant units for larger layouts.
Key Highlights
- 8‑family multifamily property built in 1909 with original details
- Rent‑roll of $197,000 annually; NOI about $147,000 annually
- Cap rate of 7.30% based on the provided NOI information
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eight-family multifamily property with original details and four currently vacant units in Prospect Heights.
Where is this apartment building located?
The property is located at 347 Lincoln Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 8‑family multifamily property built in 1909 with original details; Rent‑roll of $197,000 annually; NOI about $147,000 annually; Cap rate of 7.30% based on the provided NOI information
