$9,000,000

547 Lincoln Place Brooklyn, NY 11238

Crown Heights Neighborhood

Estimated payment $62,741/month

Total Views 13,412
114 Beds
54 Baths
64,965 Sq Ft
$139 Price per Sq Ft

Highlights

  • Intercom to Front Desk
  • 2-minute walk to Franklin Avenue (2,3,4,5 Line)
  • Resident Manager or Management On Site
  • 18,336 Sq Ft lot
  • Wood Flooring
  • 5-minute walk to Dr. Ronald McNair Park

About This Home

Located in the heart of Crown Heights, this modern building features 54 fully renovated apartments. Renovations were completed 10 years ago, including upgrades to the electrical system, boiler, rubber roofing, and exterior pointing. Additionally, the building boasts a well-maintained laundry room and is in excellent overall condition. With a solid foundation and contemporary features, this property represents a fantastic investment opportunity in a thriving neighborhood. Don't miss out on this rare chance to own a prime piece of real estate in Crown Heights. Serious inquiries only, as per seller proof of funds required to view property.

Listing Agent

Gus Ktistakis

BHHS Fillmore R.E. Listed on: 10/21/2024

BHHS Fillmore R.E.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $161,579

Year Built

  • Built in 1911

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 398 x 138
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Interior Spaces

  • 64,965 Sq Ft Home
  • 4-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 114 Bedrooms
  • 54 Full Bathrooms

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 1178

Community Details

Amenities

  • Laundry Facilities
  • Intercom to Front Desk
  • Secure Lobby
  • Community Storage Space

Building Details

  • 54 Vacant Units
  • Fuel Expense $47,771
  • Insurance Expense $48,912
  • Gross Income $830,656

Additional Features

  • 54 Units
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$161,579

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Basement Amenities: Full, Unfinished
  • Total Bathrooms: 54.00
  • Baths Total Level1: 12.00
  • Baths Total Level2: 15.00
  • Baths Total Level3: 15.00
  • Baths Total Level4: 15.00
  • Beds Total Level1: 24
  • Beds Total Level2: 30
  • Beds Total Level3: 30
  • Beds Total Level4: 30
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 44160
  • Building Length: 320.00
  • Building Width: 138.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Franklin Avenue
  • Cross Street Name2: Classon Avenue
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Number Of Available Units: 54
  • Number Of Families: 54
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Alarm, Disposal, Laundry Area
  • Rooms Total Level1: 48
  • Rooms Total Level2: 60
  • Rooms Total Level3: 60
  • Rooms Total Level4: 60
  • Fill Sq Ft Total: 64965
  • Building Stories: 4
  • Street Name I D X: Lincoln
  • Street Number I D X: 547
  • Building Style: Other
  • Waterfront Present: No
  • Year Built: 1911
  • Special Features: None
  • Stories: 4

Interior Features

  • Basement Full Bathrooms: 54
  • Total Bedrooms: 114
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 18336
  • Total Rooms: 228

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 59
  • Roof: Flat, Rubber

Utilities

  • Air Conditioning Units: 5+
  • Electric: 220 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 47771.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 398
  • Lot Size Width: 138
  • Zoning: R7A

Multi Family

  • Annual Gross Expense: 272126.00
  • Annual Gross Income: 830656
  • Insurance Expense: 48912.00
  • Unit Count: 4

Tax Info

  • Flip Tax Amount: 161579.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2024 10/21/24 For Sale $9,000,000 -- $139 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 486939

Brooklyn Board of REALTORS®

New York Kings County Brooklyn 11238 Crown Heights

547 Lincoln Place, Brooklyn, NY

This home is located at 547 Lincoln Place, Brooklyn, NY 11238 and is currently priced at $9,000,000, approximately $138 per square foot. This property was built in 1911. 547 Lincoln Place is a home located in Kings County with nearby schools including Elijah Stroud Middle School, Explore Exceed Charter Lower School, and Epiphany Lutheran School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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Gus Ktistakis
Listing Agent
Gus Ktistakis
Section Image
BHHS Fillmore R.E.
(347) 269-3755