Brick Two-Family Home with Finished
For Sale
$899,000
182 Lincoln Avenue, Brooklyn, NY 11208
MULTI_FAMILY - Brooklyn, NY
Property Size2,160 SF
Lot Size0.04 Acres
Price / SF$416.20
Days on Market276
Property Features for 182 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 5, Basement, Bedroom 1, Bedroom 3, Bedroom 6, Bathroom 1
Interior features
First Floor Bedroom, First Floor Full Bath, High Ceilings
Basement
Finished, Walk-Out Access
Standard status
Active
APN
04133-0035
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6736
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1899
Number of units
2
Building materials
Brick
Listing Agency:
Sany Realty Group LLC
(718) 799-0726
Listed By:
Ren Wang
(917) 238-7878
Added: Nov 10, 2025
Changed: Aug 4
Last Checked: Aug 13 at 10:06AM
MLS# 934157
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
182 Lincoln Avenue presents a brick two-family home built in 1899 with interior space spread across two floors plus a fully finished basement. The property includes a separate front entrance to the basement and maintains high ceilings, with a first-floor bedroom and first-floor full bath. Each unit is laid out with spacious rooms, and the total configuration is six bedrooms and three bathrooms. Interior needs renovation, offering the flexibility to update finishes and tailor the space to your preferences.
The lot measures 20x87.5 with a building footprint of 20x55. Utilities are served via public water and public sewer, and heating is hot water. The home is in Cypress Hills, Brooklyn, and is located about three short blocks to the J/Z subway lines for access to Manhattan and other parts of Brooklyn.
With its two-family structure and basement layout, the property can suit buyers looking for an owner-occupied setup or a long-term income strategy following renovation.
The lot measures 20x87.5 with a building footprint of 20x55. Utilities are served via public water and public sewer, and heating is hot water. The home is in Cypress Hills, Brooklyn, and is located about three short blocks to the J/Z subway lines for access to Manhattan and other parts of Brooklyn.
With its two-family structure and basement layout, the property can suit buyers looking for an owner-occupied setup or a long-term income strategy following renovation.
Key Highlights
- 20x87.5 lot with 20x55 building footprint
- Fully finished basement with separate front entrance
- 6 bedrooms and 3 bathrooms across two units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,448
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,108,960
$1.1M
Cap Rate 7%
$792,114
$792.1K
Cap Rate 9%
$616,089
$616.1K
Market Conditions
NOI Build-Up for 2,160 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.9K $38.40/SF
− Vacancy
−$3.7K −$1.73/SF
EGI
$79.2K $36.67/SF
− OpEx
−$23.8K −$11.00/SF
NOI
$55.4K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,108,960
Cap Rate 7%
$792,114
Cap Rate 9%
$616,089
Alternative Uses
Best Use
Multifamily LT 5
$792.1K
$693.1K – $924.1K
NOI $55,448 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$705.3K
$617.1K – $822.9K
NOI $49,371 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,516 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,793
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick home with a fully finished basement, separate front entrance, and room to reconfigure through renovation.
Where is this duplex located?
The property is located at 182 Lincoln Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 20x87.5 lot with 20x55 building footprint; Fully finished basement with separate front entrance; 6 bedrooms and 3 bathrooms across two units
