371 Lincoln Road Condominium
371 Lincoln Road, Brooklyn, NY 11225
Overview
371 Lincoln Road is a 6-unit condo in Brooklyn.
- Offering plan: Accepted December 2019 · 322 pages · floor plans on page 32
- Finishes: 10'1" ceilings, hardwood floors, granite kitchen countertops, wood cabinets, washer/dryer hook-ups and split-system units for heating and cooling
- Prices: $1,164 a square foot on average, as first offered; $5.84 million in all ($4.91 million when first offered)
- Common charges: $386–$448 a month, the sponsor's first-year estimate
- Sponsor: 371 Lincoln LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Malka Rubin
- Neighborhood: Prospect Lefferts Gardens, Brooklyn
- Subway: 3-minute walk to Sterling St (2, 5); 7 minutes to Winthrop St (2, 5)
- Amendments: 2, the latest in February 2021
- Units
- 6 residential
- Neighborhood
- Prospect Lefferts Gardens, Brooklyn
- Subway
- 3 min walk to Sterling St 2 5Winthrop St 2 5, 7 min
- Principals
- Malka Rubin
- Average $/sf
- $1,164Homes in Schedule A, as first offered
- Common charges
- $386–$448 a monthSponsor's first-year estimate in Schedule A, January 1, 2020 - December 31, 2020
- Offering price
- $5.84 million total $4.91 million when first offered
- Floor plans
- Page 32 of the plan
- SubmittedJanuary 2020
- AcceptedDecember 2019
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Nov 30, 2023.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Ask Claude or ChatGPT: How do 371 Lincoln Road's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 6 homes.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Mar 8, 2021
Amendment updates architect's report with construction completion in February 2021, revised floor plans, unit details, HVAC specifications, and projects condominium operations to begin July 1, 2021.
- Construction completed in February 2021
- First year of condominium operations projected to begin July 1, 2021
- Floor plans updated with minor kitchen layout, mechanical room, door swing, and window size changes
- Building permits issued 06/09/2015; PAA approved 07/27/2020 and 02/01/2021
- HVAC system: Diakin ductless split with 12,000 BTU heating and 9,000 BTU cooling capacity
- FinCEN Geographic Targeting Order compliance for cash purchases $300,000+ by entities without bank financing from November 6, 2020 to May 4, 2021
- Plan term extended six (6) months from amendment date
- Schedule A prices increased for 6 homes (median +11.1%): 1 $735,000 → $1,170,000; 2 $855,000 → $950,000; 3 $855,000 → $950,000; 4 $865,000 → $950,000; ...
Team
- Sponsor
- 371 Lincoln LLC
- Principals
- Malka Rubin
- Tax estimate
- Ben Rottenstein Associates IncPrepared the first-year real estate tax projection
- Construction lender
- Valley National Bank$1.9 million recorded
- General contractors
- Euro Builders, European Builders & Contracting, Euro Building GroupHeld the general construction permit on DOB job 320622796
- Buyer's lender
- Wells FargoThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 192
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
- Commercial overlay
- C2-3
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 322 Lincoln Road Condominiumnext door · 8 units · 2019
- 246 Maple Street Condominium0.1 mi · 8 units · 2020
- 460 East New York Avenue Condominium0.2 mi · 8 units · 2021
- 373 Rutland Road Condominium0.2 mi · 9 units · 2026
- 259 Rutland Condominium0.2 mi · 10 units · 6 parking · 2025
- 421 Maple Street Condominium0.2 mi · 10 units · 2021
Free in ChatGPT or Claude
Ask Claude or ChatGPT about 371 Lincoln Road
The fastest way to know any condo or co-op
Get Connected →