315-329 Lincoln Place

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Address: 315 Lincoln Pl, Brooklyn, NY 11238, USA
Created date: February 28, 2024
Date last updated: February 28, 2024

• 48 units across 52,543 SF in Prime Prospect Heights located on the north side of Lincoln Place between Washington and Underhill Avenues
• Four contiguous walk-up buildings offering efficiency in maintenance and management costs
• Great rental growth and opportunity from 50% of the units being Free Market
• Three of four buildings in the portfolio are tax class 2B offering protection from future tax increases
• Immaculately maintained buildings with recently renovated units with luxury finishes and amenities
• Convenient transportation options as the properties are located one block from the Eastern Pkwy – Brooklyn Museum 2&3 trains
• Located just steps from the Brooklyn Museum, Brooklyn Library, Botanic Gardens, Prospect Park, Grand Army Plaza and the busiest retail corridors in Prospect Heights

Key Property Information

Listing Status: Available
Property Types: Apartment Buildings
Price: $18,500,000
No. of Units: 48
Cap Rate: 6.02%
Building Size: 52,543 Sq ft
Lot Size: 15,800.00 Sq ft
Opportunity Zone: No
Price per unit: $385,417
Address: 315 Lincoln Pl, Brooklyn, NY 11238, USA

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