Renovated 8-Unit Limestone
For Sale
$5,350,000
14 Lincoln Place multi-family, Brooklyn, NY 11217
Fully renovated 8-unit limestone multifamily building with four floors plus a full basement.
Property Size8,960 SF
Lot Size0.06 Acres
Price / SF$597.10
Days on Market144
Property Features for 14 Lincoln Place multi-family
General Information
Standard status
Active
Size
8,960 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Zoning
R6B
Additional Details
Cap Rate
6%
Multifamily Units
8
Building Details
Building Size
8,960 SF
Year Built
1920
Stories
4
Tenancy
Multi
Listing Agency:
CHARNEY REAL ESTATE LLC
Listed By:
Maksim Voropaev
(917) 520-2197
Source:
Carlinwright
Added: Jun 5
Changed: Oct 25
Last Checked: Oct 24 at 11:36PM
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 CHARNEY REAL ESTATE LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
14 Lincoln Place is a fully renovated 8-unit limestone multifamily property with a bow-front façade. The building is configured across four floors plus a full basement, and was built in 1920. The offering is set on a 28-foot-wide lot and includes five residential units with different rent structures, consisting of eight oversized two-bedroom apartments.
The unit mix features four free-market 2BR/2BA apartments with in-unit washer/dryers and stainless appliances, plus three rent-stabilized 2BR/1BA apartments and one rent-controlled 2BR/1BA apartment. Reported finishes include Caesarstone counters and custom millwork.
The property is located on a tree-lined block in Park Slope, between Fifth and Sixth Avenues. The listing notes R6B zoning and identifies the building as Class C1, with a tax class of 2B. A full offering memorandum with financials, rent roll, and comps is available upon request.
The unit mix features four free-market 2BR/2BA apartments with in-unit washer/dryers and stainless appliances, plus three rent-stabilized 2BR/1BA apartments and one rent-controlled 2BR/1BA apartment. Reported finishes include Caesarstone counters and custom millwork.
The property is located on a tree-lined block in Park Slope, between Fifth and Sixth Avenues. The listing notes R6B zoning and identifies the building as Class C1, with a tax class of 2B. A full offering memorandum with financials, rent roll, and comps is available upon request.
Key Highlights
- Fully renovated 8‑unit limestone multifamily built in 1920 with 4 floors plus a full basement
- Bow‑front building on a 28 ft × 100 ft lot (2,800 SF) with 8,960 SF total building area
- Unit mix: eight oversized 2‑bedrooms (4 free‑market 2BR/2BA, 3 rent‑stabilized 2BR/1BA, 1 rent‑controlled 2BR/1BA)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$273,539
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,470,780
$5.5M
Cap Rate 7%
$3,907,700
$3.9M
Cap Rate 9%
$3,039,322
$3.0M
Market Conditions
NOI Build-Up for 8,960 SF
Gross rent
$507.5K $56.64/SF
− Vacancy
−$10.1K −$1.13/SF
EGI
$497.3K $55.51/SF
− OpEx
−$223.8K −$24.98/SF
NOI
$273.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,470,780
Cap Rate 7%
$3,907,700
Cap Rate 9%
$3,039,322
Alternative Uses
Best Use
Apartment 5plus
$3.91M
$3.42M – $4.56M
NOI $273,539 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.42M
$6.49M – $8.66M
NOI $519,322 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,855
Businesses Nearby
Explore this area
Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 8-unit limestone multifamily building with four floors plus a full basement.
Where is this apartment building located?
The property is located at 14 Lincoln Place multi-family Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,350,000.
What are key features of this property?
This property features: Fully renovated 8‑unit limestone multifamily built in 1920 with 4 floors plus a full basement; Bow‑front building on a 28 ft × 100 ft lot (2,800 SF) with 8,960 SF total building area; Unit mix: eight oversized 2‑bedrooms (4 free‑market 2BR/2BA, 3 rent‑stabilized 2BR/1BA, 1 rent‑controlled 2BR/1BA)
