Two-Unit Residence with
For Sale
$1,499,999
1168 Lincoln Place, Brooklyn, NY 11213
Residential Income, Brooklyn, NY
Property Size2,318 SF
Lot Size0.06 Acres
Price / SF$647.11
Days on Market180
Property Features for 1168 Lincoln Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bedroom 4, Bedroom 2, Laundry Room, Bedroom 5, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Interior features
Entrance Foyer
Subdivision
Crown Heights
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)
Amenities
covered front porch
backyard
full basement
Building Details
Year built
1915
Floors in Building
2
Flooring type
Hardwood
Architectural style
Other
Listing Agency:
FLATEAU REALTY CORP
(718) 953-2732
Listed By:
Gloria Sandiford
(718) 953-2793
Added: Apr 14
Changed: Oct 9
Last Checked: Oct 10 at 11:06AM
MLS# 11691843
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.
Investment Insights
Based on property information with market context.
This Brooklyn duplex contains two three-bedroom apartments, one on each of its two floors, within a 2,318-square-foot building. Property features include a covered front porch, backyard, full basement with stairs to the yard, and a one-car garage. A private driveway provides space for at least 2–3 additional vehicles. The building dates to 1915 and has hardwood flooring and hot-water heating fueled by natural gas.
The 30' x 90.58' lot is zoned R6. The reported actual FAR is .84, with a maximum FAR of 2.43 and 4,325 buildable residential square feet per City information. The property is being sold as-is and will not be delivered vacant; a non-rent-paying 1/8th owner-occupant resides in one unit. It is not mortgageable and is available by appointment to pre-approved cash buyers.
The 30' x 90.58' lot is zoned R6. The reported actual FAR is .84, with a maximum FAR of 2.43 and 4,325 buildable residential square feet per City information. The property is being sold as-is and will not be delivered vacant; a non-rent-paying 1/8th owner-occupant resides in one unit. It is not mortgageable and is available by appointment to pre-approved cash buyers.
Key Highlights
- Two three‑bedroom apartments, one on each floor
- 2,318‑square‑foot building on a 30' x 90.58' lot
- R6 zoning; actual FAR .84 and maximum FAR 2.43
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,180
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,623,600
$1.6M
Cap Rate 7%
$1,159,714
$1.2M
Cap Rate 9%
$902,000
$902.0K
Market Conditions
NOI Build-Up for 2,318 SF
Gross rent
$118.2K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$116.0K $50.03/SF
− OpEx
−$34.8K −$15.01/SF
NOI
$81.2K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,623,600
Cap Rate 7%
$1,159,714
Cap Rate 9%
$902,000
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 authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,848
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments are arranged on separate floors, with a basement, backyard, and private driveway.
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: Two three‑bedroom apartments, one on each floor; 2,318‑square‑foot building on a 30' x 90.58' lot; R6 zoning; actual FAR .84 and maximum FAR 2.43
