Renovated 8-Unit Limestone
14 Lincoln Pl multi-family Brooklyn, NY 11217
For Sale
$5,350,000
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 Market44
Property Features for 14 Lincoln Pl multi-family
General Information
- Standard status
- Active
- Size
- 8,960 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing Agency:
(917) 520-2197
Listed By:
Maksim Voropaev
(917) 520-2197
Source:
Elliman
Added: Jun 14
Changed: Jul 23
Last Checked: Jul 26 at 4:50AM
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 Maksim Voropaev
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 For Apartment 5plus
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 | $507.5k | $56.64 |
| − Vacancy | −$10.1k | −$1.13 |
| EGI | $497.3k | $55.51 |
| − OpEx | −$223.8k | −$24.98 |
| NOI | $273.5k | $30.53 |
8,960 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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 Pl 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)
