Elevator Residential Income
New
For Sale
$675,000
225 LINCOLN Place 5H, Brooklyn, NY 11217
Pre-war co-op residence with a spacious one-bedroom layout, en-suite bath, and building laundry and bike storage.
Property Size700 SF
Price / SF$964.29
Days on Market6
Property Features for 225 LINCOLN Place 5H
General Information
Standard status
Active
Size
700 SF
Elevators
Yes
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
opportunity to renovate
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
on-site laundry room
basement bike storage
remote-access intercom system
Building Details
Building Size
700 SF
Year Built
1920
Listing Agency:
Brown Harris Stevens Brooklyn LLC
Listed By:
Catherine E Witherwax · License #10301201923 (NY)
(917) 816-0019
Source:
Penrealty
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 11 at 1:31PM
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 Brown Harris Stevens Brooklyn LLC
Investment Insights
Based on property information with market context.
This 1920 elevator co-op includes an approximately 700-square-foot, oversized one-bedroom residence. Southern exposure and a three-panel living-room window bring in natural light. The layout accommodates dining and office areas, while the bedroom has an en-suite bathroom and walk-in closet. The kitchen and bath are offered as-is for renovation. Building features include a live-in superintendent, on-site laundry with remote monitoring, basement bike storage, and a remote-access intercom. Cats are permitted, and subletting requires board approval.
The property is on Lincoln Place in Park Slope, near Prospect Park, Grand Army Plaza, and the shops and services along 5th and 7th Avenues. Grand Army Plaza and 7th Avenue subway stations provide access to the 2, 3, B, and Q trains. The Brooklyn Botanic Garden, Brooklyn Museum, and Brooklyn Public Library are also nearby.
The property is on Lincoln Place in Park Slope, near Prospect Park, Grand Army Plaza, and the shops and services along 5th and 7th Avenues. Grand Army Plaza and 7th Avenue subway stations provide access to the 2, 3, B, and Q trains. The Brooklyn Botanic Garden, Brooklyn Museum, and Brooklyn Public Library are also nearby.
Key Highlights
- Approximately 700‑square‑foot co‑op residence with an oversized one‑bedroom layout
- 1920 elevator building with a live‑in superintendent
- Southern exposure and a three‑panel living‑room window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,370
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,400
$427.4K
Cap Rate 7%
$305,286
$305.3K
Cap Rate 9%
$237,444
$237.4K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$39.6K $56.64/SF
− Vacancy
−$793 −$1.13/SF
EGI
$38.9K $55.51/SF
− OpEx
−$17.5K −$24.98/SF
NOI
$21.4K $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%
$427,400
Cap Rate 7%
$305,286
Cap Rate 9%
$237,444
Alternative Uses
Best Use
Apartment 5plus
$305.3K
$267.1K – $356.2K
NOI $21,370 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$579.6K
$507.2K – $676.2K
NOI $40,572 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
8,062
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Pre-war co-op residence with a spacious one-bedroom layout, en-suite bath, and building laundry and bike storage.
Where is this residential income property located?
The property is located at 225 LINCOLN Place 5H Brooklyn, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Approximately 700‑square‑foot co‑op residence with an oversized one‑bedroom layout; 1920 elevator building with a live‑in superintendent; Southern exposure and a three‑panel living‑room window
