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A Rare Brooklyn Opportunity Welcome to 984 Lincoln Pl, a meticulously renovated Brooklyn residence that perfectly blends luxury living with exceptional income-producing potential. This expansive property offers an impressive 8 bedrooms and 3 full bathrooms, thoughtfully designed across multiple levels to maximize comfort, flexibility, and rental opportunities. From the moment you enter, you'll appreciate the attention to detail, modern finishes, and spacious layout that make this home truly stand out. Featuring individual split-unit heating and cooling systems in every room, the property provides year-round comfort and energy efficiency while allowing occupants to control their own climate settings. The beautifully finished lower level offers a complete living space with three spacious bedrooms, a full bathroom, a modern kitchen, dining area, and living room, along with direct access to the private backyard. Whether utilized for extended family, guests, or additional rental income, this level provides tremendous versatility. The first floor boasts an inviting layout featuring two generously sized bedrooms, a bright and airy living room, formal dining area, full bathroom, and direct access to the backyard, creating the perfect environment for entertaining and everyday living. The second floor continues to impress with three large bedrooms, a spacious living room, separate dining area, and full bathroom, offering privacy and comfort for larger households. Step outside to a private backyard retreat, an increasingly rare luxury in Brooklyn. Whether hosting summer gatherings, creating an outdoor lounge, or simply enjoying your own peaceful escape, this outdoor space adds tremendous value and appeal. Positioned in one of Brooklyn's thriving neighborhoods, 984 Lincoln Pl is conveniently located near public transportation, shopping, restaurants, schools, parks, and major thoroughfares. The property's unique layout and substantial bedroom count make it an ideal opportunity for investors seeking strong rental income, owner-occupants looking to offset expenses, or in need of abundant living space. Combining modern renovations, significant square footage, luxury amenities, and outstanding income potential, this is a rare turnkey asset that offers both immediate usability and long-term appreciation.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$3,100,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,480,000 | $2,480,000 | $2,480,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $577 | $577 | $577 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,081 | $15,270 | $20,928 |
| Total Monthly Payment | $14,783 | $15,972 | $21,630 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.