$1,500,000

1413 Lincoln Place, Brooklyn, NY 11213

2,280 sqft

Duplex
Built in 1920
3,276sqft lot
—— car garage
$658/sqft
Listed 3 days ago

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.

Listing Status:: Active
Listing Office:: Sutherland Douglas Realty Corp : 347-647-2388
MLS ID:: 932839

General: First Floor Bedroom
Basement: Full
A/C: None
Heating: Baseboard

Parking: Alley Access

Originating MLS: onekey2
County: Kings (Brooklyn)

Zoning: 01385-0068

Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedTrash Collection PublicWater Connected
Water: Public
Sewer: Public Sewer

Source: onekey2

This listing courtesy of Sutherland Douglas Realty Corp

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Property Taxes $
Home Insurance $
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