Brooklyn, NY Goldcap Real Estate Advisors facilitated the sale of 1526 Lincoln Pl. in the Crown Heights neighborhood.
The sale price was $600,000 ($101 per buildable s/f).
The property is a stalled construction project with a stop work order due to an illegal vertical extension. The site consists of 5,904 buildable s/f on an irregular shaped lot.
The sellers, Lincoln LLC sold the property to SBF 785 LLC. The buyers plan to demolish the building and build 8 condos.
Heshie Goldfein, president of Goldcap, represented both sides of the transaction.