Two-Family
109 Lincoln Place Brooklyn, NY 11217
For Sale
$3,750,000
Vacant 2-family brownstone with 5 bedrooms, 3 bathrooms, and an 80-foot deep backyard near Prospect Park.
Property Size3,680 SF
Price / SF$1,019
Days on Market142
Property Features for 109 Lincoln Place
General Information
- Standard status
- Active
- Size
- 3,680 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1901
Listing Agency:
Find Properties
(516) 458-1587
Listed By:
Michael Joshua Falchiere · License #10401323535
(516) 458-1587
Source:
Compass
Added: Mar 4
Changed: Jul 22
Last Checked: Jul 23 at 8:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Find Properties
Investment Insights
Based on property information with market context.
Vacant upon delivery, this charming two-family brownstone offers 5 bedrooms and 3 bathrooms, with original period details throughout, including intricate woodwork and period accents. The property also features a deep backyard measuring approximately 80 feet.
Located in Park Slope, it is just a few blocks from Prospect Park. The home’s setting is within a neighborhood known for historic brownstones and tree-lined streets, with convenient access to recreation near the park.
As a two-unit residential income property, it also presents a straightforward foundation for buyers considering a conversion to a single-family townhome, depending on their desired configuration.
Located in Park Slope, it is just a few blocks from Prospect Park. The home’s setting is within a neighborhood known for historic brownstones and tree-lined streets, with convenient access to recreation near the park.
As a two-unit residential income property, it also presents a straightforward foundation for buyers considering a conversion to a single-family townhome, depending on their desired configuration.
Key Highlights
- Vacant 2‑family brownstone with 5 bedrooms and 3 bathrooms
- 80‑foot deep backyard
- 20 ft x 40 ft interior dimensions
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $187.7k | $51.00 |
| − Vacancy | −$3.6k | −$0.97 |
| EGI | $184.1k | $50.03 |
| − OpEx | −$55.2k | −$15.01 |
| NOI | $128.9k | $35.02 |
3,680 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.84M
$1.61M – $2.15M
NOI $128,880 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,347 @ 7.0% cap · market cap 3.00%
Theoretical Best
Specialty Retail
$3.05M
$2.67M – $3.55M
NOI $213,293 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Vacant 2-family brownstone with 5 bedrooms, 3 bathrooms, and an 80-foot deep backyard near Prospect Park.
Where is this duplex located?
The property is located at 109 Lincoln Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Vacant 2‑family brownstone with 5 bedrooms and 3 bathrooms; 80‑foot deep backyard; 20 ft x 40 ft interior dimensions
