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In Contract

425 Lincoln Place, #2R

$695,000 | 1 bed, 1 bath
Building Profile  | 
60 days on Market

Key Details

  • Listed: Sep 4, 2024
    Days on Market: 60
    Building Type: Cooperative
    Neighborhood: Prospect Heights (Brooklyn)
Monthly Maintenance: $688
Est. Monthly Mortgage: $3,684
Total Est. Monthly Carrying Cost: $4,372
Note: the above is based on a down payment of 20% ($139,000), which is the minimum amount permitted by the building.

Description

Situated at the vibrant crossroads of Prospect Heights and Crown Heights, this extra-large co-op one-bedroom apartment blends natural charm with modern sophistication in prime Brooklyn. The classically gut-renovated apartment features a spacious open living area, a king-sized bedroom with double-deep closets, and a timeless all-white bathroom with penny tile floors. The modern kitchen boasts quartz countertops, a Bosch dishwasher, a Samsung stove, and a refrigerator.

The original hardwood floors have been beautifully refinished, and the convenience of an in-unit washer and dryer adds to the apartment’s appeal. An extra-large storage cage is included with this unit.

Built-in 1907, 425 Lincoln Place is a quiet, well-maintained boutique co-op building with just nine coveted units. The co-op is financially sound, with low common charges and a 10% down payment, enhancing its desirability.

Residents enjoy additional amenities, including laundry facilities and bike storage. There is no debt-to-income ratio, easy board approval, and no post-closing reserve requirement.

This prime location offers unparalleled access to some of Brooklyn’s finest attractions, with the Brooklyn Museum, Botanical Gardens, Grand Army Plaza, the farmer’s market, and Prospect Park steps away. Local amenities abound, including popular bars, supermarkets, and renowned restaurants like Olmsted and Mayfield.

Additionally, major subway lines are within walking distance, making this an ideal Brooklyn residence.

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Pricing History

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About 425 Lincoln Place

Building Amenities

  • Pre War
  • Walk Up
  • Resident Storage
  • Intercom

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Subways

  1. 2
  2. 3
at Washington Ave and Eastern Pkwy 0.13 miles
  1. S
  2. 4
  3. 5
at Franklin Ave and Eastern Pkwy 0.22 miles