1573 Lincoln Pl
2
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. Subject to omissions, errors, prior sales, withdrawals, change of price, all without notice. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN. This 25’ wide six unit property is located on Lincoln Place between Ralph Avenue and Buffalo Avenue. The property currently has one vacant apartment. This building boast plenty of upside with an average rent of $745. The boiler is about 5 years old and is fueled by oil. Location: Lincoln Pl. between Ralph & Buffalo Aves. Block / Lot: 1387/75 Approx. Lot Size: 25.00’ x 110.00’ Approx. Building Size: 25.00’ x 80.00’ Approx. Building Sq. Ft.: 6,000 Zoning: R6 FAR 2.43 Offered At: $475,000 1573 Lincoln Place Northern Crown Heights, Brooklyn Between Ralph & Buffalo Avenues 72 BROOKLYN AVENUE BROOKLYN, NY 11216 T. 718-455-2281 F. 718-455-2284 WWW.PROJECT17.COM PROJECT17 REALTY & ASSOCIATES
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Between Ralph & Buffalo Avenues Offered At: $475,000 Block / Lot: 1387/75 This 25’ wide six unit property is located on Lincoln Place between Ralph Avenue and Buffalo Avenue. The property currently has one vacant apartment. This building boast plenty of upside with an average rent of $745. The boiler is about 5 years old and is fueled by oil. Lincoln Pl. between Ralph & Buffalo Aves. Approx. Lot Size: 25.00’ x 110.00’ Approx. Building Sq. Ft.: 6,000 Location:
Transcript of 1573 Lincoln Pl
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. Subject to omissions, errors, prior sales, withdrawals, change of price, all without notice. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
This 25’ wide six unit property is located on Lincoln Place between Ralph Avenue and Buffalo Avenue. The property currently has one vacant apartment. This building boast plenty of upside with an average rent of $745. The boiler is about 5 years old and is fueled by oil.
Location:Lincoln Pl. between Ralph & Buffalo Aves.
Block / Lot: 1387/75
Approx. Lot Size: 25.00’ x 110.00’
Approx. Building Size: 25.00’ x 80.00’
Approx. Building Sq. Ft.: 6,000
Zoning: R6
FAR 2.43
Offered At: $475,000
1573 Lincoln Place Northern Crown Heights, BrooklynBetween Ralph & Buffalo Avenues
72 BROOKLYN AVENUEBROOKLYN, NY 11216
T. 718-455-2281F. 718-455-2284
WWW.PROJECT17.COM
PROJECT17 REALTY & ASSOCIATES
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. Subject to omissions, errors, prior sales, withdrawals, change of price, all without notice. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
1573 Lincoln Place Northern Crown Heights, BrooklynBetween Ralph & Buffalo Avenues
72 BROOKLYN AVENUEBROOKLYN, NY 11216
T. 718-455-2281F. 718-455-2284
WWW.PROJECT17.COM
Expenses *estimated
Taxes $6,438
Water & Sewer $3,000
Electric $1,500
Insurance $3,000
Fuel $7,500
Maintenance $3,000
Vacancy / Mgmt. $2,147
Total $26,585
Income *projected
Monthly $4,473
Gross Annual $53,676
Net Operating Income 27,091
Rent RollRent RollRent RollRent RollRent Roll
Unit Bedrooms Status Lease Rent
Apt. 1f 2 Stabilized Occupied $633
Apt. 1r 3 Stabilized Vacant $855
Apt. 2f 2 Stabilized Occupied $570
Apt. 2r 3 Stabilized Occupied $1,000
Apt. 3f 2 Stabilized Occupied $580
Apt. 3r 3 Stabilized Occupied $835
Gross Monthly Rent $4,473
PROJECT17 REALTY & ASSOCIATES
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