Brooklyn, NY 11213,1413 Lincoln PL
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$ 1,500,000
Est. payment | /mo

3,275 Sqft Lot


Save
$ 1,500,000
Est. payment | /mo
Save

3,275 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 932839

Rental Info No

Year Built 1920

Annual Tax Amount $5,997

Lot Size 3,275 Sqft

Acres 0.0752

Property Sub-Type Duplex

Source onekey2

Property Description

Description:
Prime Crown Heights two-family brick townhouse.
Sold as-is with tenants in possession, but both occupants are cooperative and willing to relocate if provided with assistance.
A 90-day notice to vacate has been served, making this strong value-added opportunity with flexible delivery.
No interior access at present.
Excellent upside for investor or end-users planning renovation or redevelopment.
Highlights:
2,280 sq ft building on 3,277 sq ft lot.
R6 Zoning - ideal for redevelopment or expansion
Delivered occupied with relocation flexibility; vacant delivery negotiable
Full basement, brick facade, gas heat
Close to 3/4 trains at Utica Ave and multiple bus lines
Low property taxes, stron post-renovation rental demand
Financial (Estimated):
Unit 1: Tenant in possession - Cooperative, Est. market rent $3,800/mo (Ground floor, 3 BR)
Unit 2: Tenant in possession - Cooperative, Est. market rent $3,800/mo (Upper Level, 3 BR)
Total Potential Gross Rent: $7,600/mo ($91,200)/yr) based on market rents
Disclosures:
Sold as-is with tenants in possession.
Tenants are Cooperative and open to relocation with assistance.
90-day notice to vacate has been served.
Seller makes no representations regarding interior condition.
Cash Offers preferred. Proof of funds required for exterior inspection.
Neighborhood:
Crown Heights is one of the Brooklyn'smost sought-after investment areas, with renovated two-family sales usually starting at $950,000.

Location

State NY

County Kings (brooklyn)

Rooms

Basement Full

Interior

Interior Features First Floor Bedroom

Heating Baseboard

Cooling None

Fireplace No

Exterior

Parking Features Alley Access

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

Garage false

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Senior Community No

Special Listing Condition None

Listed by Sutherland Douglas Realty Corp • Girvan B. Douglas

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Luciane Serifovic

Luciane Serifovic

CEO & FOUNDER | License ID: 10491208575

+1(917) 567-8767

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1413 Lincoln PL