14 Lincoln Pl - Apartments FOR SALE


Brooklyn, NY 11217- Park Slope
$5,350,000 USD
646-241-8151
14 Lincoln Pl, Brooklyn, NY for Sale
$5,350,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

14 Lincoln Pl
Brooklyn, NY 11217
Park Slope


HIGHLIGHTS

  • Half the building already at free-market rates with a meticulously maintained asset requiring minimal cape x — immediate cash-flow stability alongside

OVERVIEW

Charney Brokerage is pleased to offer 14 Lincoln Place, a 28-foot wide bow-front limestone in the heart of Park Slope. Built in 1920 and fully renovated, the 8,960sf building is comprised of eight oversized two-bedroom apartments — four free-market 2BR/2BAs and four 2BR/1BAs under regulation, including a single rent- controlled unit with substantial mark-to-market upside on vacancy. The basement currently houses laundry, storage, and bike parking; it can be legalized and combined with the ground-floor units to create duplex configurations.

FOR SALE DETAILS

PRICE

$5,350,000 USD

PRICE/SF

$597 USD /SF

# OF UNITS

8

PRICE/UNIT

$668,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,923 SF

ZONING

R6B

APN/PARCEL ID

00950-0012

ASK ABOUT THIS PROPERTY

Dmitry KarabutovCharney Real EstateMore Info
646-241-8151

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Dmitry KarabutovCharney Real EstateMore Info
646-241-8151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.