551-547-553 Lincoln Pl Brooklyn, NY 11238
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 0 551-547-553 Lincoln Pl
- Property type
- Apartment buildings
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9582
- Latitude
- 40.6718
