Three-Family Townhouse for Sale
Three-Family Townhouse for Sale 1522 Lincoln Place, Brooklyn NY 11213 Located just two blocks from the Utica Avenue 3 & 4 trains, 1522 Lincoln Place offers a cash-flow opportunity for under $1 Million in the quickly appreciating neighborhood of Crown Heights. The property is currently rented through mid 2015 generating a Gross Annual Income of $72,048 (Approximate estimated NOI of $52,000). All 3 renovated units include 2 beds & 1 bath. The first floor unit is a finished duplex (floor 1 + finished basement) with private patio access. The large finished basement (currently utilized as a "rec-room") includes access to the fenced-in backyard and has been wired for the inclusion of a separate laundry room.
With its close proximity to key transportation hubs, Eastern Parkway, parks and houses of worship, 1522 Lincoln Place offers an attractive investment opportunity for the savvy Brooklyn buyer.
ASKING PRICE: $925,000 • Location: South side of Lincoln Place, between Buffalo and Rochester Avenue • Block & Lot: 1392 / 32 • Zoning: R6 • FAR: 2.43 • Lot Size: 17.2’ x 81.11’ (Approx.) • Lot SF: 1,528 SF (Approx.) • Bldg. Size: 17’ x 48’ (Approx. Irreg.) • Bldg. SF: 3,280 (Approx.) • Annual Gross Income: $72,000 • R.E. Taxes: $5,504 (‘14/’15) • Assessment: $28,680 (‘14/’15)
For further information or inspection, please contact Exclusive Agent: Michael L Gigante (718) 238 – 8999 Ext. 7030 [email protected] The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
With its close proximity to key transportation hubs, Eastern Parkway, parks and houses of worship, 1522 Lincoln Place offers an attractive investment opportunity for the savvy Brooklyn buyer.
ASKING PRICE: $925,000 • Location: South side of Lincoln Place, between Buffalo and Rochester Avenue • Block & Lot: 1392 / 32 • Zoning: R6 • FAR: 2.43 • Lot Size: 17.2’ x 81.11’ (Approx.) • Lot SF: 1,528 SF (Approx.) • Bldg. Size: 17’ x 48’ (Approx. Irreg.) • Bldg. SF: 3,280 (Approx.) • Annual Gross Income: $72,000 • R.E. Taxes: $5,504 (‘14/’15) • Assessment: $28,680 (‘14/’15)
For further information or inspection, please contact Exclusive Agent: Michael L Gigante (718) 238 – 8999 Ext. 7030 [email protected] The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
