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1308-1314 Lincoln Pl

Updated Dec 4, 2024

Titan Capital Sells Dev Site At 1308-1314 Lincoln Pl, Crown Heights, Brooklyn For $4.3M With Broker Sadya Liberow Of Asset CRG Advisors
SOLDDevelopment Site

Titan Capital Sells Dev Site At 1308-1314 Lincoln Pl, Crown Heights, Brooklyn For $4.3M With Broker Sadya Liberow Of Asset CRG Advisors

1308-1314 Lincoln Pl

$4,300,000

Building Size

Asset Type

Development Site

Closing

Nov 14, 2022

About this deal

AI

The property involved in this closed transaction is a development site located at 1308-1314 Lincoln Pl in Crown Heights, Brooklyn. The property has been semi-completed and stalled since 2018. Despite facing over $400,000 in monetary violations and all permits being expired, the property was sold for a total of $4,300,000. The deal was closed within 90 days of listing, with the buyer taking on the property "as-is".

Summary of transation details

Sadya Liberow from the Asset CRG Advisors acted as the broker for this transaction. The @liberowteam of AssetCRG successfully facilitated the sale of 1308-1314 Lincoln Pl. They were exclusively hired to market and sell the property, despite it being in a semi-completed and stalled state with expired permits and monetary violations. For more information about other stalled sites being marketed by Asset CRG Advisors, interested parties can contact Sadya Liberow at 646-363-6175 or via email at [email protected].

Players

Sadya Liberow
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Sadya Liberow

Asset CRG Advisors

Broker

$142.8M

vol

33 deals

Broker
Titan Capital
Titan CapitalSeller

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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