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551-547-553 Lincoln Pl Brooklyn, NY 11238

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Prime Crown Heights, 54 Units, Renovated

Property Features for 0 551-547-553 Lincoln Pl

General Information

Property type
Multifamily properties
Class
A

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Listing Contact
Gus Ktistakis
Gus Ktistakis

Listing Agent: Gus Ktistakis

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Overview

This exceptional Class A apartment building, located in the desirable Crown Heights neighborhood of Brooklyn, NY, presents a compelling investment opportunity. The property, situated at 551-547-553 Lincoln Place, 11238, comprises 54 units, a mix of 16 three-bedroom and 38 four-bedroom apartments. A recent renovation, completed approximately 10 years ago, ensured the building boasts updated electrical systems, plumbing, and a rubber roof. Further enhancing its appeal is an on-site laundry room. The building's financial performance is highlighted by an asking price of $9,000,000. Annual operating expenses include property taxes of $161,579, water and sewer costs of $62,776, and fuel expenses of $47,771. This meticulously maintained property offers a strong potential return on investment in a prime Brooklyn location. The building's excellent condition and desirable features make it an attractive prospect for discerning investors seeking a high-quality multifamily asset in a thriving market. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly sought-after area.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Brooklyn
County
Kings
State
New York
Longitude
-73.9582062
Latitude
40.6718153

FAQs

What type of property is this?
Multifamily property - Prime Crown Heights, 54 Units, Renovated
Where is this multifamily property located?
The property is located at 551-547-553 Lincoln Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 16 three-bedroom units and 38 four-bedroom units.; Asking price: $9,000,000.; Annual property taxes: $161,579.
(347) 623-0716 Call to check price and availability
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