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About This Home
This 16-bedroom, 8-bathroom residential multi family at 347 Lincoln Road in Brooklyn, NY is listed for $2,300,000 ($240 per sqft). Built in 1909, the home offers 9,600 sqft of living space on a 0.09 acres lot.
Welcome to 347 Lincoln Road in Beautiful Prospect Heights Brooklyn. This Stunning 8 Family home is ideal for anyone looking to keep a rental property or Live in one of the amazing units and let your rent roll pay your mortgage . This Amazing Trendy location is close to beautiful prospect park, Shops and trendy bars and restaurants.
Currently the rent-roll is 197,000 yearly and after the expenses the NOI is about 147,000 yearly . Giving you a cap rate of 7.30% This amazing property has wonderful original details . Currently there are 4 units vacant which makes it ideal to either live in the property combine units for larger living space or possibly rent it as you see fit.
Key Features
- Built in 1909
- 0.09 acre lot
- 4 stories
Property Details
Amenities
Monthly Cost Estimate
$12,301/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
347 Lincoln Road
Brooklyn, NY 11225
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Questions & Answers
This 16-bedroom, 8-bathroom residential multi family at 347 Lincoln Road is listed at $2,300,000 ($240/sqft). The estimated monthly payment is $9,967 based on 20% down at 6.5% interest.
Key features include: Built in 1909, 0.09 acre lot, 4 stories. Interior Features: Refrigerator, Stove.
This property is listed by Cheryl Rosenthal and can be reached at (929) 600-5353 or closer826@aol.com.
