1309 Lincoln PlBrooklyn, NY 11213

Exceptional investment opportunity awaits at 1309 Lincoln Place, a well-maintained eight-unit multifamily building in Crown Heights, Brooklyn. This four-story walk-up offers a mix of free-market and rent-stabilized units, ensuring a stable income stream in a high-demand rental market. The property boasts 8,008 square feet on a 2,642 square foot lot, with an asking price of $2,350,000 ($293.750 per unit and $293.46 per square foot). Currently 100% occupied, this building provides immediate cash flow. The building is equipped with a gas-fueled single boiler for efficient heating. All necessary Division of Housing and Community Renewal (DHCR) documents are available. Existing violations will be cleared before closing, and the property is designated under the Alternative Enforcement Program (AEP) as of January 1, 2023, with all necessary clearances to be completed before closing. Benefit from its prime location near the 2, 3, 4, and 5 subway lines, Prospect Park, and Eastern Parkway. The R6/C1-3 zoning permits a variety of uses, and an additional 1,585 square feet of air rights are available. Built in 1908, this property presents a compelling value-add opportunity in a high rental income area. This is an as-is sale.