$1,145,000
Updated 9 years ago
Sold

1495 Lincoln Place

Crown Heights, Brooklyn | Rochester Ave & Buffalo Ave

13 Rooms9 Beds3 Baths3,360 Square FeetMulti-Family

$1,145,000
floors / apts3 / 3
Lot Size20'x120'
Built Size20'x48'
ZoneR6
Building TypeTownhouse
RE Taxes$4,831
Price Per SF
$341

This property was sold for $1,145,000 on 05/12/17.

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Gated Entry
  • Laundry Room
  • Second Entry

Property Description for 1495 Lincoln Place

Accepted offer with bid-up. Want help paying of your mortgage? Live in one floor and rent out two!! Or split this three-family townhouse between multiple owners. Or convert to 2-family or single family for more room for yourself. Or you could rent out entire building for a fantastic projected CAP rate (great rental returns with additional buildable room to grow). Large renovated Three-Family in Crown Heights, for living in as your own home and/or to rent all or part of with fantastic rental potential. Building is three stories with high ceilings plus a basement at 20ftx50ft at front of building, with a 15ftx33.5ft extension on the ground floor, on a 20.17ftx120.25ft lot. The FAR on the lot should allow more than 2500 additional square feet to be built, if you needed more space to live in, or if you wanted larger rental units. Bottom floor apartment is enormous - over 80ft deep with a full backyard (lot over 120ft deep!), currently laid out as a 3BR but convertible to 4BR to maximize rent. Top two apartments are bright and airy renovated 3BRs around 900sf, with potential to expand and to add roof-decks in the future to capture rising rents. Full height finished basement provides excellent storage area, and could be easily converted for laundry or other common space.Two and a half blocks to the Utica 2/3 and 4/5, one block off of Eastern Parkway for drivers. A great opportunity to buy into the booming neighborhood of Crown Heights at a low $/sf while it is still possible, a location and a building with tremendous room to grow.

Listing History for 1495 Lincoln Place

Now
11/21/2016
Contract Signed by Jonah Ramu Cohen
Corcoran
11/21/2016
Back on the Market by Jonah Ramu Cohen
Corcoran

Building Details for 1495 Lincoln Place

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

Crown Hts-Utica Av
0.32 miles
Sutter Av-Rutland Rd
0.42 miles

Citi Bike

Buffalo Ave & St John's Pl
0.09 miles
Eastern Pkwy & Rochester Ave
0.11 miles

Contact Agents

Contact Agents

John Ward
Corcoran

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 60249TH