Duplex Residential Income
1168 Lincoln Place, Brooklyn, NY 11213
MULTI_FAMILY - Other - Brooklyn, NY
Property size:
2,318 SFLot size:
0.06 AcresPrice / SF:
$647/SF- Added:
- Apr 14, 2026
- Days on Market:
- 84
- Last Refresh:
- Jul 6 at 5:06 pm
Property Features for 1168 Lincoln Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 6, Bedroom 5, Bathroom 2, Laundry Room, Bedroom 1
- Interior features
- Entrance Foyer
- Standard status
- Active
- Size
- 2,318 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5577
Utilities
- Heating system
- Natural Gas, Hot Water(Heating)
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Flooring type
- Hardwood
- Architectural style
- Other
Listing agent Gloria Sandiford
Listing office FLATEAU REALTY CORP 368A DECATUR ST, BROOKLYN, NY (718) 953-2732
Listing date Apr 14, 2026
MLS# 11691843
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1915‑built home with entrance foyer and hardwood flooring
- Heating includes natural gas and hot water (heating)
- Two units: three‑bedroom rental on the top floor and three‑bedroom unit on the first floor
- Covered front porch and backyard, plus a full basement with partially above‑grade windows
- One‑car garage with a gated private driveway long enough for at least 2–3 additional parking spaces
- Estate sale sold "as‑is" with any violations (if any) per seller; currently has one tenant—do not disturb
Overview
This duplex residential income property features two separate three-bedroom units, with one unit on the first floor and a second unit on the top floor. The home includes a covered front porch, a backyard, and a full basement with partially above grade windows and interior stairs leading to the backyard. Parking convenience is supported by a spacious one-car garage and a gated, private driveway long enough for at least 2–3 additional parking spaces.
The property is located in Brooklyn, NY 11213. Public remarks note convenient access to public trains and buses, along with nearby services and Brooklyn’s cultural institutions.
The home is being offered as an estate sale and is sold in “as-is” condition, with any violations handled per the terms of sale. The property currently has one tenant in place, and prospective buyers are instructed not to disturb them. Negotiation with the current tenant may be considered if the buyer is interested. Showings are described as open house only to qualified buyers, so buyers should plan for potential timing associated with estate sales.
The property is located in Brooklyn, NY 11213. Public remarks note convenient access to public trains and buses, along with nearby services and Brooklyn’s cultural institutions.
The home is being offered as an estate sale and is sold in “as-is” condition, with any violations handled per the terms of sale. The property currently has one tenant in place, and prospective buyers are instructed not to disturb them. Negotiation with the current tenant may be considered if the buyer is interested. Showings are described as open house only to qualified buyers, so buyers should plan for potential timing associated with estate sales.
Local 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 | $118.2k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $116.0k | $50.03 |
| − OpEx | −$34.8k | −$15.01 |
| NOI | $81.2k | $35.02 |
2,318 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,180 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$1.01M
$884.6K – $1.18M
NOI $70,766 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,351 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.937907
- Latitude
- 40.669979
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex with two three-bedroom units, a backyard, and a gated driveway plus garage—sold in as-is condition.
Where is this duplex located?
The property is located at 1168 Lincoln Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 1915‑built home with entrance foyer and hardwood flooring; Heating includes natural gas and hot water (heating); Two units: three‑bedroom rental on the top floor and three‑bedroom unit on the first floor
