Renovated 6 Family in Crown Heights | FOR SALE

Description:

Ariel Property Advisors has been retailed to sell the 6 family building located at 1573 Lincoln Place in the Crown Heights neighborhood of Brooklyn. The building is located between Buffalo and Ralph Avenues. The property consists of 4 two-bedroom apartments, 1 one-bedroom apartment and 1 four-bedroom two-bathroom duplex which has access to the back yard.

The building stands 3 stories tall and encompasses approximately 6,600 gross square feet with a frontage of 25’ and 80’ deep. The lot is 25’ wide and 110’ deep which provides for a 750 SF back yard. Of the 6 units, 3 were recently gut renovated and basement is clean and and the building systems were upgraded. The hot water boiler was replaced about 5 years ago.

The heating systems for the three renovated units are separated from the main building heating system and heat for these units is paid directly by the tenants. The building tax class is 2A. There is a J-51 tax abatement in place for the next 9 years.

The property is close to public transportation. The Utica Avenue stop on the 3 and 4 trans is two blocks away and the bus stop for the B15 and B47 lines is on Ralph Avenue which is at the end of the block.

For more information about this property including a detailed marketing book, please contact our office.

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