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54-Unit Renovated Apartment Building
For Sale
$9,000,000

547 Lincoln Place, Brooklyn, NY 11238

Residential, Brooklyn, NY

Property Size64,965 SF
Lot Size0.42 Acres
Price / SF$138.54
Days on Market686

Property Features for 547 Lincoln Place

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R7A
Bedrooms 114
Bathrooms 54
Full bathrooms 54
Rooms Bathroom 43, Bedroom 28, Bathroom 5, Bedroom 109, Bedroom 92, Bedroom 82, Bedroom 112, Bedroom 64, Bedroom 87, Bedroom 97, Bathroom 6, Bedroom 57, Bathroom 10, Bedroom 30, Bedroom 5, Bedroom 59, Bedroom 3, Bedroom 26, Bedroom 69, Bathroom 41, Bedroom 41, Bedroom 60, Bathroom 51, Bedroom 38, Bedroom 100, Bedroom 44, Bedroom 4, Bathroom 11, Bedroom 80, Bedroom 83, Bedroom 104, Bedroom 74, Bathroom 27, Bathroom 32, Bedroom 68, Bedroom 77, Bathroom 30, Bedroom 19, Bathroom 38, Bedroom 29, Bedroom 103, Bedroom 88, Bathroom 22, Bedroom 61, Bathroom 14, Bathroom 1, Bathroom 2, Bedroom 106, Bedroom 20, Bedroom 36, Bedroom 105, Bedroom 58, Bathroom 39, Bathroom 45, Bathroom 46, Bedroom 8, Bedroom 79, Bedroom 49, Bedroom 86, Bedroom 93, Bedroom 48, Bathroom 36, Bathroom 24, Bathroom 9, Bedroom 1, Bedroom 55, Bedroom 37, Bathroom 16, Bedroom 22, Bathroom 28, Bedroom 24, Bathroom 53, Bedroom 54, Bathroom 12, Bedroom 46, Bedroom 95, Bedroom 2, Bedroom 9, Bedroom 12, Bathroom 4, Bedroom 63, Bedroom 96, Bathroom 52, Bedroom 18, Bathroom 50, Bathroom 17, Bathroom 23, Bedroom 85, Bathroom 29, Bedroom 16, Bedroom 10, Bedroom 71, Bedroom 27, Bedroom 81, Bedroom 15, Bathroom 3, Bedroom 23, Bedroom 90, Bathroom 48, Bedroom 21, Bedroom 40, Bedroom 47, Bedroom 42, Bedroom 50, Bathroom 37, Bathroom 40, Bedroom 53, Bedroom 6, Bedroom 51, Bedroom 107, Bathroom 33, Bedroom 33, Bedroom 84, Bedroom 72, Bathroom 34, Bedroom 65, Bedroom 70, Bedroom 99, Bedroom 35, Bedroom 32, Bedroom 52, Bathroom 47, Bedroom 111, Bathroom 19, Bedroom 14, Bedroom 75, Bedroom 39, Bedroom 114, Bathroom 15, Bedroom 13, Bathroom 25, Bedroom 62, Bedroom 94, Bathroom 31, Bedroom 45, Bedroom 73, Bedroom 43, Bathroom 18, Bedroom 89, Bathroom 42, Bedroom 11, Bedroom 66, Bedroom 67, Bathroom 26, Bedroom 31, Bedroom 101, Bedroom 34, Bedroom 113, Bedroom 108, Bathroom 20, Bedroom 7, Bathroom 54, Bedroom 102, Bedroom 56, Bedroom 76, Bathroom 35, Bathroom 44, Bedroom 98, Bathroom 13, Bathroom 49, Bathroom 21, Bedroom 91, Bedroom 78, Bedroom 17, Bathroom 7, Bedroom 110, Bathroom 8, Bedroom 25
Interior features A/C Unit - Window, Alarm, Disposal, Laundry Area
Basement Full, Unfinished
Subdivision Crown Heights
Standard status Active
Size 64,965 SF
Lot size 0.42 Acres

Taxes and HOA fees

Tax Annual Amount 161579

Amenities

laundry room

Building Details

Year built 1911
Floors in Building 4
Number of units 4
Flooring type Hardwood, Tile
Building materials Brick
Roof type Rubber, Flat
Listing Agency: BHHS Fillmore R.E.
Listed By: Gus Ktistakis
Added: Oct 21, 2024 Changed: Sep 5 Last Checked: Sep 6 at 12:06AM
MLS# 486939

Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.

This 54-unit apartment building contains 64,965 square feet on a 0.4209-acre parcel in Brooklyn’s Crown Heights neighborhood. The 1911 property is constructed of brick and includes a laundry area, window A/C units, alarm features, hardwood and tile flooring, and a flat rubber roof.

Renovation work was completed 10 years ago and included electrical upgrades, boiler improvements, rubber roofing, and exterior pointing. The property is zoned R7A and is located at 547 Lincoln Place in Brooklyn, NY 11238.

The building’s apartment count, dedicated laundry area, and completed building-system improvements provide a clearly defined multifamily configuration. Interior features also include disposals and a mix of hardwood and tile flooring.

Key Highlights

  • 54 apartments across 64,965 square feet
  • 0.4209‑acre multifamily parcel in Crown Heights
  • Renovated 10 years ago with electrical and boiler upgrades

Property Analytics

Current Use

ABOX COLLECTIVE Interior Design

Suggested Use

Top Pick Law Firm Dental Office Nursing Home Parking Lot & Garage Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

54
Residential units

Location Intelligence

Trade Area within ½ mile

4,832
Businesses Nearby

Demographics for 11238, NY

60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick multifamily property with on-site laundry and upgraded electrical, boiler, roofing, and exterior systems.
Where is this apartment building located?
The property is located at 547 Lincoln Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 54 apartments across 64,965 square feet; 0.4209‑acre multifamily parcel in Crown Heights; Renovated 10 years ago with electrical and boiler upgrades
More about this property
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