facebook
Traded Co logo
Submit

Multifamily Property At 347-365 Lincoln Place Sold For $4.8M In Prospect Heights

Property Image
SOLD
$4,837,000
Zachary Fuchs
Victor Sozio
+ 2

New York

See Similar Deals
MultiFamily48,472 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Multifamily Property At 347-365 Lincoln Place Sold For $4.8M In Prospect Heights

347 Lincoln Place

See Similar Deals
MultiFamily48,472 SF
Sold
Zachary Fuchs
Victor Sozio
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$99
Total Square Footage:48472 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 347-365 Lincoln Place in the Prospect Heights market. The sale price was $4,800,000, which reflects a per unit price of $88,889. The property consists of 54 units and encompasses a total square footage of 48,472, resulting in a price per square foot of $99.

Summary of transaction details:

This transaction was facilitated by multiple brokers including Victor Sozio, Remi Mandell, and Jake Brody from Ariel Property Advisors, as well as Zachary Fuchs and Michael Weiser from GFI Realty Services, highlighting the collaborative effort in executing this deal.

Players

Victor Sozio
111 deals$2.3B volume
BROKER

Zachary Fuchs
GFI Realty Services
62 deals$322.8M volume
BROKER

Michael Weiser
GFI Realty Services
33 deals$512.7M volume
BROKER

Remi Mandell
Ariel Property Advisors
16 deals$514.6M volume
BROKER

Jake Brody
Ariel Property Advisors
12 deals$198M volume(212) 544-9500
BROKER

GFI Realty Services
BROKERAGE

Details

SOLD
IMAGE: Jake Brody, Remi Mandell, Victor Sozio, Zachary Fuchs & Michael Weiser DATE: 9/19/2025 ADDRESS: 347-365 Lincoln Place MARKET: Prospect Heights ASSET TYPE: Multifamily BROKERS: Victor Sozio, Remi Mandell & Jake Brody - Ariel Property Advisors; Zachary Fuchs (@ZacharyDFuchs) & Michael Weiser - GFI Realty Services (@GFIRealty) SALE PRICE: $4,800,000 UNITS: 54 ~ PPU: $88,889 SF: 48,472 ~ PPSF: $99

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$257,973.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,184.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,929.85
Annual Debt Service$275,158.17