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347 Lincoln Road 347 Lincoln Rd 8 Unit Apartment Building $3,340,967 CAD ($417,621 CAD/Unit) 7.30% Cap Rate Brooklyn, NY 11225
Executive Summary
WELCOME TO 347 LINCOLN ROAD IN BEAUTIFUL PROSPECT HEIGHTS. THIS AMAZING 8 FAMILY HAS 4 RENTED APARTMENTS AND 4 VACANT. THE HOME HAS BEEN UPDATED.
THIS AMAZING 8 FAMILY HAS 8 4 BEDROOM APARTMENTS, THE TOTAL RENTROLL NOI IS 142,414.00
THIS AMAZING PROPERTY CAN MAKE A FANTASTIC CONDO CONVERSION .
THIS AMAZING 8 FAMILY HAS 8 4 BEDROOM APARTMENTS, THE TOTAL RENTROLL NOI IS 142,414.00
THIS AMAZING PROPERTY CAN MAKE A FANTASTIC CONDO CONVERSION .
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$267,986
|
$20.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$267,986
|
$20.84
|
| Taxes |
$3,205,965
|
$249.26
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,205,965
|
$249.26
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $267,986 |
| Annual Per SF | $20.84 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $267,986 |
| Annual Per SF | $20.84 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,205,965 |
| Annual Per SF | $249.26 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $3,205,965 |
| Annual Per SF | $249.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,340,967 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $417,621 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.30% | Building Size | 12,862 SF |
| No. Units | 8 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1909 |
| Zoning | R6 - R6 is a medium-density residential zoning district. | ||
| Price | $3,340,967 CAD |
| Price Per Unit | $417,621 CAD |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 12,862 SF |
| Average Occupancy | 50% |
| No. Stories | 4 |
| Year Built | 1909 |
| Zoning | R6 - R6 is a medium-density residential zoning district. |
Amenities
Site Amenities
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 8 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01329-0051 | Total Assessment | $1,527,981 CAD (2026) |
| Land Assessment | $11,046 CAD (2026) | Annual Taxes | $3,205,965 CAD ($249.26 CAD/SF) |
| Improvements Assessment | $1,516,935 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
01329-0051
Land Assessment
$11,046 CAD (2026)
Improvements Assessment
$1,516,935 CAD (2026)
Total Assessment
$1,527,981 CAD (2026)
Annual Taxes
$3,205,965 CAD ($249.26 CAD/SF)
Tax Year
2025
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347 Lincoln Road | 347 Lincoln Rd
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