1671 Lincoln Place | 1671 Lincoln Pl
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1671 Lincoln Place 1671 Lincoln Pl
16 Unit Apartment Building $7,300,000 ($456,250/Unit) Brooklyn, NY 11233
Investment Highlights
- J51 Tax Abatement In-Place; Exp 2036
- Building Amenities Include a Gym & Lounge Area
- Renovated Units Featuring Stainless Appliances, Dishwashers & Hardwood Flooring
- Blocks from Retail Corridors & Mass Transit
Executive Summary
GFI Realty Services is pleased to present the exclusive offering of 1671 Lincoln Place, a 16-unit apartment building in Crown Heights, Brooklyn, featuring a gut renovation and modern finishes across its 12,600 square feet. The property benefits from a J51 Tax Abatement until 2036, with apartments configured as 2 two-bedroom, 8 three-bedroom, and 6 four-bedroom units. Amenities include a gym and lounge area, and the asset benefits from proximity to Eastern Parkway, Lincoln Terrace Park, commercial options on Utica Avenue, and the 2-3-4 subway lines within walking distance.
Property Facts
| Price | $7,300,000 | Building Class | C |
| Price Per Unit | $456,250 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 12,600 SF |
| No. Units | 16 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid Rise |
| Price | $7,300,000 |
| Price Per Unit | $456,250 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 12,600 SF |
| No. Stories | 4 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 16 | - | - |
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Walk Score ®
Very Walkable (88)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 01473-0051 | Improvements Assessment | $739,800 |
| Land Assessment | $56,250 | Total Assessment | $796,050 |
PROPERTY TAXES
Parcel Number
01473-0051
Land Assessment
$56,250
Improvements Assessment
$739,800
Total Assessment
$796,050
zoning
| Zoning Code | R6 |
| R6 |
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1671 Lincoln Place | 1671 Lincoln Pl
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