The Lincoln Park Apartments

Elite ListingMixed Use BrooklynProspect Lefferts Garden

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Price

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Cap Rate

145

Units

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Property located at The Lincoln Park ApartmentsIc expand

Raven Property Advisors is pleased to exclusively offer for sale 33 Lincoln Road and 510 Flatbush Avenue. The subject properties are comprised of two new construction residential towers connected by a ground floor commercial base and underground parking garage. Built in 2019, the properties benefit from a 35-year 421a tax abatement, wherein the residential units are composed of 70% market rate (49% of the total residential units are Free Market) and 30% Affordable at 130% AMI. The buildings offer a full array of amenities, including a roof deck, fitness center, tenant lounge, yoga room, laundry, storage lockers, and full-time staff. Exceptionally well located, the buildings are directly next to major subway transportation and the entrance to Prospect Park.

Property Details

Block/Lot:5024/74
Lot Dimensions 161.66 x 361.75
Lot Area26,283 sq.ft
Zoning: R7-1, C2-3
FAR as Built:4.8
Max FAR:4.8

Exclusive Agent

Rich Velotta

Raven Property Advisors

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