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315-329 Lincoln Place

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Address: 315 Lincoln Pl, Brooklyn, NY 11238, USA

New York & Tri-State + Apartment Buildings

Created date: February 28, 2024

Date last updated: November 13, 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

Sold

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Broker Details

Ariel Property Advisors

Ariel Property Advisors (212) 544-9500

Key Property Information

Listing Status:	Sold
Property Types:	Apartment Buildings
Price:	$15,650,000
No. of Units:	48
Cap Rate:	6.46%
Building Size:	52,543 Sq ft
Lot Size:	15,800.00 Sq ft
Opportunity Zone:	No
Price per unit:	$364,583