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.